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in some instances, recovering your payment by deploying intensive measures will not be the best suited training course of action. We understand that with selected buyers, it is important for your Group to keep up a long-term partnership.
beginning a debt collection in Cyprus is fast and straightforward. you may add your claim by way of our on line transfer variety. All you must do is enter here some details on your own organisation, your debtor’s company and appropriate documentation or invoices. you are able to then upload your situation via a safe network below.
Our priority is that the debt is gathered in essentially the most time successful way and Along with the minimum expenses attainable. We for that reason request to prevent litigation anywhere probable. in lots of instances, We're going to gather the debt in just couple weeks by basically sending a letter of demand, through which we declare the quantity owed to our customer.
even though collection agencies may be used, It's also feasible to request lawful support, especially when coping with crucial quantities that have to be recovered.
If you need aid in a very debt collection in Cyprus, we invite you to definitely Speak to our Cypriot regulation firm.
Seized assets could possibly be sold through community auctions, with proceeds utilised to satisfy the remarkable debts in accordance with lawful priorities.
This stage involves Energetic negotiations Along with the debtor to succeed in an agreement to pay the creditor’s statements or other doable settlement possibilities (such as, return of goods, transfer of debt to a third party, exchange of services or items).
Price tag issues: Creditors needs to be conscious of administrative and probable lawful advisory fees in scheduling their debt Restoration approach.
Submit your Get in touch with specifics and one of our debt collection specialists will Get hold of you instantly!
From basic debt collection conditions to sophisticated lawful matters, from modest companies to multinationals throughout various industries, our specialists have assisted around 24.
In keeping with Cypriot personal bankruptcy law, your debtor is considered bankrupt if they do not repay their debts in just a reasonable stretch of time. In Cyprus, it is possible to file for bankruptcy of one's debtor In case the declare exceeds 854 euros.
The court charges count on the value of your claim as well as state wherein litigation requires position. occasionally, the amount is fixed, nonetheless, it also will depend on litigation process. On top of that, our individual authorized fees are included as well.
By Doing the job closely with our clients, we purpose to expedite the procedure and secure payment with the debt right away or pursue a judgement to recover payment.