Debt collection can call for for 2 phases, the first one particular currently being "smooth collection" and that is the away from courtroom try from the firm to gather the consumer's debt on a "no collection no payment" foundation and the next phase which involves courtroom proceedings plus the use via the firm of all indicates provided by the regulation for that recovery of a debt.
Debt collection in Cyprus often begins in the extrajudicial phase where by we send out your debtor tailored desire letters and call them by mobile phone. In case your debtor disputes the assert or fails to respond, then we can proceed by getting authorized action in session with you.
Debt collection agencies, like Debitura, Perform an important function in facilitating amicable debt recovery in Cyprus. By leveraging their skills and assets, these agencies initiate the Restoration method through adept identification of debts and debtor instances, pursuing up with strategic communication attempts.
A A part of our team of attorneys in Cyprus are accredited mediators who expertise in mediation proceedings, we contain the know-how of what it will require to generally be a negotiator. We use these competencies to reinforce our Cyprus debt collection treatment and supply the ideal end result for the customer.
Procedures for debt collection involving events in various nations are subject matter to international agreements and laws. you can obtain information from our legal professionals Within this regard.
In case the debtor is unable to pay out, enforcement of the assert can be done by acquiring an enforcement get from your courtroom. This permits the creditor to seize property or garnish wages to Get well the debt.
For uncontested statements, There exists a summary judicial method readily available, that is a faster and much more Price-powerful possibility than a entire trial. This process is employed for claims that are not disputed from the debtor, and may include a courtroom buy for payment or even the attachment of assets.
Does your organization have to manage a debt collection scenario in Cyprus mainly because a Greek or Turkish purchaser isn't going to shell out your Bill? Our debt more info collection professionals and Lawyers will be happy that can assist you. We make sure your superb Bill is paid out swiftly.
For any small business, earlier because of accounts and accounts that were defaulted on can damage business passions and earnings. it can be crucial to maximise your recovery of all sizes of business debt.
The chance for An effective Restoration is determined by the character of the debt collection scenario. 95% of the scenarios that we address are effectively performed so on the No overcome No fork out basis.
The amicable route presents quite a few benefits for all functions included. Creditors circumvent the hefty fees connected to lawful proceedings and simultaneously protect priceless organization interactions, due to the process’s cordial mother nature.
After the final court docket judgment is shipped and if the debtor keeps refusing and/or failing and/or denying to comply with his fiscal obligations as well as court docket judgment against him, we could proceed appropriately and use the next strategies in an effort to execute the courtroom judgment from him:
in some instances we consider it appropriate to file an interim buy from the debtor’s immovable property or freeze his accounts. During the court docket proceedings there is often a chance of settlement with no have to Choose a Listening to.
It’s forbidden for your collector to employ abusive language, for making public an inventory with the debtors (even though he can provide this information to other organizations) or to harass the debtor with a lot of calls.