If the client decides to difficulty court docket proceedings in opposition to the debtor All things considered other attempts have failed, inside of a couple of days We'll file the declare within the courtroom.
We guarantee you that our firm's mission and core values will remain unchanged and that we are going to continue to supply the exact same substantial level of assistance and perseverance to our clients that We've always offered.
If this stage doesn't bring the anticipated outcomes or after an initial Examination it turns into crystal clear that it is not relevant, you must move forward to Restoration with the treatments provided for by law.
Though Cyprus is officially a single country, the nation is administratively divided in two. The northern Element of the island has been occupied by Turkey since 1974.
In principle, we generally get started the debt collection system with the extrajudicial stage. At this stage, we check out to circumvent Court intervention, as this can be pricey. We'll Make contact with your debtor to desire payment.
It is important to mention, at this stage, that in the court docket proceedings, there is usually a possibility of settlement, without the want to achieve the final Court stage, particularly the hearing of the situation.
Chambers & Co can aid with debt restructuring and negotiations, assisting customers achieve mutually beneficial agreements with their debtors when averting expensive legal disputes.
the failure of tiny enterprises to pay their invoices may also bring about creditors captivating to debt collection techniques in Cyprus.
Price issues: Creditors ought to be aware of administrative and potential lawful advisory service fees in organizing their debt Restoration method.
When working with debt collection in Cyprus, you'll be able to depend on Bierens. though our professionals come across the solution you would like, you'll be able to resume company as typical. We can assist you with the following situations:
We strongly more info feel that in now’s modern Culture and business earth, Unique emphasis need to be placed on different dispute resolution mechanisms and out-of-court settlements for resolving disputes.
we're normally committed to supplying a top quality of consumer treatment and lawful support throughout all our apply areas.
In scenarios in which the debtor has no assets for seizure, take into consideration filing for individual bankruptcy. Should the debtor is by now bankrupt, submit your assert instantly for verification.
Debt collection is usually a difficult and time-consuming process for individuals and businesses alike. At Chambers & Co, our expert attorneys specialise in all aspects of debt collection in Cyprus, making sure the prompt Restoration of exceptional debts although retaining professionalism and integrity.