Interaction with the debtor starts immediately following sending the notification by mail, e-mail, phone or instantaneous messengers.

Our aim is to provide a fast and cost efficient debt collection service to our clientele. Our workforce of lawyers in Cyprus observe all the conventional collection techniques and may advocate the most fitted collection system, acquiring regard for the shopper’s very best interests.

Crucial to This really is consciousness of Cyprus's statute of limits which, according to the Limitation of Actions regulation (sixty six(I)/2012), typically imposes a six-calendar year time period for initiating most civil steps, with some varieties of statements obtaining distinctive intervals. This period ought to be viewed along with:

Cyprus is part on the EU. as a result, It's not at all generally essential to collect your declare through the Cypriot lawful system. you will discover Particular European treatments to Get well cross-border statements. These strategies are already founded to really make it a lot easier to gather unpaid bills abroad (but inside the EU).

having said that, in some cases, it can be a good idea to seek legal help from a lawyer, specially when the stakes are high. that's why Collection Company collaborates with major lawyers in Cyprus.

buyer Protection: Cyprus law shields buyers in debt collection, ensuring truthful and clear procedures.

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no matter whether you choose to refer to us in both the extrajudicial or judicial debt collection levels in Cyprus or abroad, our Business is Prepared to assist you.

It's not at all unusual for these to also refer the debts to collection companies or legal professionals in Cyprus, as they wish to recover their income as soon as possible.

to increase the statute of limits, the creditor have to submit a corresponding software to your court docket prior to initiating a claim. The limitation period of time may very well be interrupted in instances the place the debtor acknowledged the debt in creating or paid out at the very least 50% in the debt amount, which include accrued fascination.

Preparation is paramount inside the debt collection method in Cyprus. To ensure you're on reliable ground, scrutinize contractual agreements for apparent, enforceable phrases which have been thoroughly communicated for your debtor. This consists of:

In case the debtor refuses to pay even after the issuance of the Court judgment in opposition to him, we can easily use the next strategies in order to execute the courtroom judgment:

In the realm of debt collection in just Cyprus, the involvement of legal professionals becomes crucial when navigating throughout the judicial phases of recovering debts. ordinarily, their involvement is desired when amicable answers have already been fatigued or if the complexity and scale from the debt necessitate official get more info authorized proceedings. Lawyers in Cyprus are instrumental in drafting meticulous legal paperwork, initiating the lawsuit by filing a Writ of Summons, and robustly symbolizing the creditor all over the court proceedings.

A subpoena for confiscation and sale of your surety’s movable residence is often emitted. The surety’s movable property must be Portion of general public auctions.