certainly, no person wishes to go bankrupt. Our knowledge is that the debtor abruptly finds a way to pay at the time a individual bankruptcy petition is filed.
the possibility for a successful Restoration will depend on the character of one's debt collection situation. We solve ninety five% of all circumstances on a contingency foundation.
Crucial to This is certainly recognition of Cyprus's statute of limitations which, in accordance with the Limitation of steps legislation (66(I)/2012), typically imposes a six-yr time period for initiating most civil steps, with a few kinds of statements obtaining different intervals. This period need to be seen along with:
Our Cyprus lawyers are dedicated to excellence in all areas of assistance and our support standards implement in all cases.
A court docket judgment in Cyprus mechanically has an enforceable status. as soon as the courtroom has designed a ruling, we can straight away execute the judgment.
Listening to soon after quite a few other procedural methods, a day is ready for any hearing where both parties present their situation as a result of their witnesses.
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Does your organization have to deal with a debt collection case in Cyprus mainly because a Greek or Turkish shopper would not shell out your Bill? Our debt collection experts and Lawyers might be pleased that will help you. We make sure your fantastic invoice is paid promptly.
As an international debt collection expert, we cope with different varieties of promises in Cyprus. We obtain superb invoices in addition to payment claims. We also can mediate in rental and purchase disputes.
pleasure of your creditor’s requires in the entire process of pressured execution is carried out throughout the seizure of cash and their generate-off, seizure of assets with subsequent sale.
This implies discovering out just as much as you possibly can with regards to the debtor and about his monetary standing. Then, our attorneys in Cyprus will compose a letter of declare and deliver it for the debtor, summoning him or her to acquit the debt within just a specific time frame, usually of 7 to ten times.
In this type of circumstance we will submit an application for a judgement for failure in the debtor to file an appearance. generally judgement is issued within just 2-3 months in the day which the lawsuit is filed.
After figuring out The difficulty we advise the shopper concerning The obvious way to move ahead as well as methods involved. We then search for to know just as much as feasible with regard to the debtor and his fiscal trustworthiness.
These safeguards guarantee a systematic method get more info to debt Restoration in Cyprus, placing a stability among effective debt collection and safety of consumer legal rights from unjust collection procedures.