As experts in Worldwide debt collection, our experts can show you almost everything you need to know when handling cross-border collections and foreign debtors to effectively Get better your payments. discover almost everything you should know for a successful debt recovery in Cyprus.
the worldwide economic disaster could not but have extended to Cyprus and economical transactions happening in Cyprus. Liquidity staying a significant issue, it's lately paramount for businesses to gather what they are owed for items or solutions furnished.
That’s why we can inquire the court docket in Cyprus to impose an interim attachment. Which means that the debtor’s belongings are going to be positioned in custody by a bailiff until eventually a courtroom conclusion is designed. given that the belongings are underneath attachment, your debtor are unable to obtain them.
In Cyprus, debt collection organizations are the pivotal starting point in recuperating overdue payments. Their Principal aim is to have interaction inside a dialogue with debtors to really encourage amicable settlement of dues by way of non-judicial means. These organizations deploy a range of techniques for example correspondence, phone interaction, and electronic outreach to barter repayment strategies. it really is at this time, ideally before litigious actions grow to be vital, that creditors can opt to involve a collection company.
Privacy Overview This Web-site employs cookies to make sure that we could provide you with the top user experience feasible. Cookie information and facts is saved inside your browser and performs features including recognising you when you come back to our Site and supporting our team to be familiar with which sections of the web site you find most appealing and beneficial.
We cooperate by using a network of Skilled and dependable regulation Firms in each one of these spots for the judicial debt collections.
Debtors usually just take severely a letter of declare coming from an attorney, rather than any letters from the creditors, them selves. Without any doubt, lots of debtors want to stay away from lawful proceedings against them and will be willing to settle their financial obligations from Court.
Our preference is to collect your claim without court intervention. as a result, we always begin a collection during the amicable section. If this has no result, then We'll examine your judicial alternatives along with you. We won't ever intiate court proceedings without your express consent.
the trouble of late or perhaps non payment has arrived at Cyprus don't just on a local enterprise stage but also over the transactions of foreign nationals through Cyprus providers.
The first step is always to ship a letter on the debtor asking that he pays the debt in just a certain timeframe (commonly ten days).
When a Monthly bill or Bill continues to be unpaid, the first step is to attempt collection via extrajudicial or amicable indicates. The extrajudicial section includes all attempts to gather the debt without the need of involving the courts. In nine outside of 10 conditions, This can be adequate to Get well your cash.
We are going to generally Get website in touch with your debtor by sending an First desire letter, which we also adhere to up by using a cellphone contact. That way we avoid any method of miscommunication. Our technique is often firm and respectful, therefore you will always be knowledgeable of your position of the scenario.
When coping with debt collection in Cyprus, you could count on Bierens. when our specialists locate the answer you would like, you are able to resume business enterprise as standard. We will let you with the following conditions:
we are able to request a European Payment Order in the specified court docket in your own personal region. They problem the payment buy based on several normal sorts that we fill out to suit your needs.