Administrative service fees: selected procedures could incur administrative costs, which can be established to address The prices of processing and dealing with the situation outside of courtroom.
to increase the statute of limits, the creditor have to submit a corresponding software to the courtroom prior to initiating a assert. The limitation period of time might be interrupted in situations wherever the debtor acknowledged the debt in producing or paid at least 50% with the debt quantity, together with accrued curiosity.
in the event that the debtor is an organization our Cyprus debt collection process features managing a research with the database on the Registrar of organizations so as to Track down the registered Business deal with of the corporation, the names and private addresses of the Directors to ensure that us to be able to establish Get in touch with.
Interaction Along with the debtor begins quickly just after sending the notification get more info by mail, email, phone or instant messengers.
We need to file your claim with among the five district courts around the island (in Nicosia, Limassol, Larnaca, Paphos, or Famagusta). We do this by getting ready a recognize of default and sending it to your courtroom.
lawful expenses: Legal fees are regulated by court scales, normally awarded into the profitable occasion in a very dispute.
Management legal responsibility: Shareholders and management may be liable with own assets for malice; may facial area a ban on future positions.
have you been wanting to Get better debt in a particular town in this country? make sure you have a look at our city guides:
This phase is essential for formalizing the debt and enabling even more enforcement steps. Our community of regional attorneys will characterize your circumstance in court docket, supplying knowledge and familiarity with local guidelines.
locating the right law firm for judicial debt collection is vital. Debitura provides a streamlined 'Find an attorney' service, drawing from our community of five hundred+ neighborhood Lawyers around the world. explain your preferences and rapidly get customized proposals from up to 3 prime lawyers.
Our international debt collection Lawyers have considerable practical experience and expertise in laws and laws in Cyprus. We guarantee to acquire your debtor approached by telephone As well as in crafting in Greek or Turkish.
How are you going to collect the outstanding debts? Which law applies? In Cyprus, the specific situation is further more complicated because a part of the island is beneath the Charge of Turkey and a unique authorized program is de facto used.
For those who have an outstanding declare in Cyprus, you can initiate a debt collection treatment right away. once you transfer your declare to us, we would like to obtain as quite a few supporting paperwork as you can. These may well consist of invoices, reminders, obtain agreements, and lender statements.
Efstathios C. Efstathiou LLC is a leading multi-disciplinary set with a happy status of staying professional, approachable and modern-day. The Firm is distinguished for its entrepreneurial and pragmatic tactic, Global perspective and unparalleled lawful apply.