5 Easy Facts About cyprus law firm Described
In accordance with Cypriot regulation, It's not at all necessary to hire a lawyer to file a lawsuit versus your debtor, nor is it necessary to have a lawyer depict you during the authorized proceedings.
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Debt Settlement: Facilitating debt settlements that satisfy equally the creditor’s needs as well as the debtor’s capability to spend.
A favorable verdict will allow the creditor to initiate enforcement actions to Get better the debt. alternatives contain asset seizure, making use of to get a garnishee order, or launching personal bankruptcy proceedings from the debtor if needed.
preparing is paramount within the debt collection system in Cyprus. To make sure you're on sound floor, scrutinize contractual agreements for apparent, enforceable phrases that happen to be properly communicated in your debtor. This consists of:
lawful expenses: Legal charges are regulated by courtroom scales, ordinarily awarded to the profitable party inside of a dispute.
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The payment buy is then sent on your debtor. The debtor has the opportunity to file an objection for the claim. If that does not occur, we can easily enforce the ecu Payment buy by seizing belongings from a debtor.
Interim measures in Cyprus A legal circumstance usually takes months to take care of. needless to say, we don’t want your debtor to make use of that point to cover their assets, leaving absolutely nothing to collect when the court docket can make a ruling.
overall flexibility in payment conditions might help in recovering dues even though catering to the debtor’s money state. To suggest a fair strategy:
If payment is not built all through these three weeks, we ship a remaining reminder. With this information, we advise your debtor that lawful actions are inevitable if they do not spend. We allow it to be clear that there will be sizeable fees linked to this for them.
If the debtor refuses to pay even after the issuance of the Court judgment in opposition to him, we could use the next procedures to be able to execute the court docket judgment:
At Andreas Danos regulation Firm we provide prompt, productive, very simple and price-efficient remedies to our shoppers for all debt collection desires towards persons and entities. As experienced Cyprus legal professionals, we proactively support and act on behalf of our purchasers on debt collection matters in Cyprus.
We are committed to resolving your debt collection in Cyprus as rapidly as feasible. Once you have submitted your scenario, We'll do everything we will to Get hold of your debtor in Cyprus.