In case the client decides to difficulty courtroom proceedings from the debtor In spite of everything other initiatives have failed, in a couple of days We're going to file the assert at the court docket.

the worldwide economic disaster couldn't but have prolonged to Cyprus and money transactions occurring in Cyprus. Liquidity getting a critical issue, it really is as of late paramount for firms to collect what they are owed for products or get more info expert services furnished.

This allows us to observe a versatile and client centered tactic as part of our debt accumulating technique.

Our priority is that the debt is gathered in essentially the most time economical way and Using the minimum prices achievable. We thus seek in order to avoid litigation where ever feasible. in several cases, We're going to collect the debt within number of months by simply sending a letter of demand from customers, by which we assert the quantity owed to our consumer.

In Cyprus, amicable debt collection stands out as a cost-successful and marriage-preserving system for reclaiming overdue payments. This non-litigious approach underscores negotiation and comprehension, aiming to strike a equilibrium that acknowledges the debtor's conditions when safeguarding the creditor's monetary pursuits.

In the event the debtor is not able to shell out, enforcement of the declare can be done by getting an enforcement purchase from the court. This permits the creditor to seize belongings or garnish wages to Recuperate the debt.

Seized assets could possibly be marketed through general public auctions, with proceeds utilised to fulfill the remarkable debts in accordance with authorized priorities. 

The first step inside the debt collection process in Cyprus will be the out-of-courtroom section. This is where the creditor makes an attempt to gather the debt by means of negotiation and communication Together with the debtor.

Whether it concerns unpaid invoices or other promises in Cyprus, we understand how to collect your cash. To accomplish this, we use our carefully assembled network of Lawyers and bailiffs in Cyprus.

faucet into Debitura's specialist community of regional debt Restoration bailiffs and attorneys. start off your assert now.

With our in-property debt collection Restoration approaches, we will be able to deliver our consumers with accurate and valuable help or assistance. We divide debt collection into two significant phases: extrajudicial debt collection and judicial debt collection.

you'll find selected benefits to operate with legislation firms In regards to debt collection in Cyprus, as these can:

In circumstances wherever the debtor has no belongings for seizure, take into account filing for bankruptcy. If your debtor is now bankrupt, submit your claim promptly for verification.

We goal to provide value for all our customers and welcome comments on any element of the support we provide.