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We assure you that our firm's mission and Main values will remain unchanged and that we will go on to supply precisely the same higher standard of support and dedication to our clients that We've got always supplied.
important to This is often consciousness of Cyprus's statute of limitations which, based on the Limitation of Actions legislation (sixty six(I)/2012), frequently imposes a 6-year interval for initiating most civil actions, with a few sorts of claims having distinct periods. this era needs to be seen along with:
Our international debt collection legal professionals as well as your assigned caseworker may help you even further and make clear almost everything you have to know for An effective debt collection in Cyprus.
We also know that the Coronavirus could have developed a back log of debts, many of which can check here be authentic conditions of lack of ability to pay for, while Several other cases relate to strategic conduct via the Debtors not to pay their debts.
Eventually, if the negotiations are not prosperous, We'll initiate the proceedings with a certified courtroom towards the debtor.
Simplify your authorized framework with our 'No treatment, No pay back' standardized agreement throughout all area partners. making certain usefulness for international creditors, we provide an ordinary debt collection settlement throughout jurisdictions and local partners.
If payment is not really created through these three weeks, we ship a remaining reminder. With this message, we inform your debtor that legal steps are inescapable if they don't spend. We make it apparent that there will be significant prices connected with this for them.
following receiving a closing court choice, In the event the debtor refuses to voluntarily adjust to the courtroom conclusion, a writ of execution must be obtained and presented for the bailiff for execution.
When the debtor just isn't attentive to the letter We are going to seek out to barter with him around the phone. a lot of debtors will choose to settle the debt at this early phase and negotiate a payment plan.
from the remarkably not likely event that we do not acquire something, you won't really have to spend us any charges. yow will discover an entire overview of our expenses on our service fees web site.
expenses and prices: Administrative costs begin from €185 for initiating the collection method, with added charges based on case complexity.
While litigation is considered as a last vacation resort, our firm has a staff of knowledgeable legal professionals who are very well-versed in debt collection, with the amicable stage to legal strategies.
However, even in this case, there is a probability of achieving a settlement by which the debtor will commit to having to pay the thanks amount of cash.