If it is not possible to gather the debt by an amicable process, you've the choice to initiate website lawful proceedings. beneath, we describe what both the extrajudicial and amicable phases entail in Cyprus.

Enforcement can be used for as much as 10 years following a judgement has long been issued. The court enforcement techniques which our staff of Cyprus legal professionals will perform on behalf of your creditor are:

In Cyprus, the civil courtroom method is intricately structured to make sure complete and truthful legal proceedings. It demonstrates the place's adherence to each local and European Union lawful criteria, catering to a wide array of civil disputes which include debt collection.

Our Cyprus attorneys are devoted to excellence in all regions of service and our company requirements use in all circumstances.

The period of lawful proceedings in Cyprus is determined by the complexity of your scenario and if your debtor raises a defence.

just about every situation relies on its have specifics; nonetheless, our expertise shows that the most important variables are persistence and timing.

by way of example, we could make this happen by requesting an purchase of seizure. In that case, the courtroom appoints a bailiff to seize assets from the debtor. It is even probable to seize property from 3rd get-togethers.

no matter if you decide on to consult us in either the extrajudicial or judicial debt collection stages in Cyprus or overseas, our Business is ready To help you.

Debtors generally take a letter of assert coming from a lawyer far more severely than any letters in the creditors on their own. lots of debtors want to avoid lawful proceedings versus them and may be prepared to settle from court docket their financial obligations.

The creditors simply cannot deliver a notification that appears like Formal paperwork, are not able to give Untrue information and facts regarding the debtor to other organizations or make use of a false firm name.

We have been working with Antonis Paschalides & Co LLC law firm for more than forty years now on a variety of projects (reviewing of contracts, corporate issues, work regulation problems, representation prior to the ecu courtroom of Justice to the Cyprus bail in scenarios just to name a handful of).

would you want to know more details on our debt collection services in Cyprus? Get in touch with us for a totally free session.

Cypriot debt collection actions are controlled by purchaser safety legal guidelines, prohibiting abusive or harassing procedures from the collection approach. 

Cyprus Civil method legislation: Governs the filing of lawsuits, provider of writs, along with the judicial method for debt collection, establishing the groundwork for lawful actions towards debtors.