We get the job done immediately for consumers, but we also enable intermediaries like legislation firms or accounting corporations.

If the amount owed is not really compensated, we send one particular remaining reminder. With this letter, we advise your debtor that they will be taken to court docket if payment isn't gained by the required date.

Our key worry will be to try to negotiate with every single debtor in an effort to prevent court intervention. The process accompanied by our seasoned collection team, is usually to Get hold of the debtors and persuade them to settle their outstanding amount of money due by sending official notifications, desire letters, e-mails and through phone calls.

Issuing court docket proceedings is the last resort when the debtor is not really prepared to settle his debt without the need to have for litigation. check here The client/creditor will likely be suggested regarding whether it's well worth intending to courtroom and also the practical probabilities of achievements in courtroom and collection in the debt.

This data would not represent legal advice. for any free, private consultation with a expert in this place you'll be able to Make contact with us to arrange an appointment by cellular phone or email.

Hearing just after several other procedural measures, a day is about for the Listening to wherever the two events present their case by their witnesses.

In case the debtor is really a all-natural individual we would require the shopper to supply us with any info that they've about the whereabouts of your debtor so that you can enable us While using the debt collection system. In Cyprus, attorneys can acquire all data associated with debtors as well as the place to begin may be the client.

Our debt collection technique aims specifically at combating strategic responses of debtors in not paying out what they owe even though in instances wherever the debtor is genuinely struggling to shell out, we offer a flexible tactic based on the needs from the shopper.

from time to time, when a firm is going through money issues, it’s difficult to shell out the creditors. During this Remarkable conditions, collection agencies or a legislation firm in Cyprus could be hired to Get better some of the creditor’s losses. normally, There exists a price or maybe a Section of the recovered debt that need to be paid to these agencies.

fulfillment on the creditor’s calls for in the whole process of pressured execution is completed throughout the seizure of funds and their publish-off, seizure of assets with subsequent sale.

We recognise that late payment is a standard problem faced by organizations in Cyprus, Which past due accounts and defaulted payments may have a substantial influence on the fiscal interests and revenue of a business.

They constantly provide a state in the artwork and 100% reputable authorized company in a very swift and welcoming method. When needing attorneys in Cyprus, we might hugely advise Antonis Paschalides & Co LLC regulation firm for any sort of authorized assignment.

The decide will research all submitted evidence. Then, a hearing might be scheduled. in the Listening to, both the creditor as well as the defendant have the opportunity to substantiate their arguments. equally events can ask for the decide to summon witnesses. in the end, the decide will render a call.

Debt collection can be a demanding and time-consuming approach for people and enterprises alike. At Chambers & Co, our professional lawyers specialise in all aspects of debt collection in Cyprus, guaranteeing the prompt Restoration of exceptional debts whilst keeping professionalism and integrity.