As experts in Intercontinental debt collection, our gurus can tell you anything you should know when working with cross-border collections and overseas debtors to efficiently Recuperate your payments. discover almost everything you should know for A prosperous debt recovery in Cyprus.
Virtually 95% with the conditions that we resolve, is usually gathered with none court intervention. However, if your debtor in Cyprus still does not pay, then we could initiate legal proceedings.
you could rely on our debt recovery lawyers that can assist you resolve troubles efficiently and promptly, making sure that your business doesn’t knowledge the slightest issue.
Writ of Movables/Immovables This action pertains to the attachment of your judgement to movables or immovable home and requesting their sale.
The lawful collection phase normally requires acquisition of the enforceable court buy. This typically mandates authorized illustration by means of a neighborhood legal professional in Cyprus, and the costs range based upon the complexity of the case plus the debtor's response.
ultimately, If your negotiations are not profitable, We're going to initiate the proceedings with a licensed court versus the debtor.
starting off a debt collection in Cyprus is rapidly and easy. it is possible to add your claim through our on-line transfer form. All you should do is enter some facts on your organisation, your debtor’s organization and suitable documentation or invoices. you could then add your scenario via a safe community right here.
limitations on Enforcement procedures: Debt collection strategies for instance asset seizure or garnishee orders require a court docket judgment, featuring debtors judicial scrutiny of collection efforts.
inside the framework of the method, it can be done to judicially terminate fraudulent/fictitious transactions of your debtor targeted at withdrawing their belongings as a way to avoid debt repayment from the compelled sale of such belongings.
When coping with debt collection in Cyprus, you could rely on Bierens. whilst our specialists uncover the answer you would like, you could resume company as typical. We will let you with the subsequent scenarios:
In Cyprus, the limitation time period for promises is 6 years with the date of the final payment or acknowledgement with the debt. it is crucial for creditors to concentrate on this time frame and acquire motion throughout the limitation period to Get better the debt.
should really your debtor fall short to reply, then our specialists and attorneys can offer you with the envisioned consequence or study course of action within just 4 weeks. If legal proceedings are required, the debt collection course of action requires more time. The period depends on the authorized proceedings and on if the debtor raises a defence.
Our crew of experts can aid in insolvency and personal bankruptcy proceedings, serving to creditors shield their passions and Get well their debts efficiently.
for a creditor, we however have a solid leverage Software at our disposal When your debtor genuinely refuses to pay for: a individual here bankruptcy petition. In Cyprus it is achievable to file for bankruptcy of your respective debtor if they do not spend.