Bankruptcy These goal at triggering the debtor to become bankrupt. This move has sizeable detrimental results about the debtor such as the prohibition to own checks or come to be director in companies.

The simplified treatment is relevant to cases through which, while in the view with the courtroom, the plaintiff has no serious prospect of success in the case or maybe the defendant has no actual prospect of effectively defending against the declare. Simplified decisions are made devoid of litigation.

We'll normally contact your debtor by sending an Preliminary demand from customers letter and a cell phone contact. using this method we prevent any sort of miscommunication. Our solution is always firm and respectful, and you also will always be knowledgeable with the status within your situation.

Upload your situation in one minute and our domestic debt collection expert as part of your debtor’s nation will start out collecting your situation straight away.

If we use the eu smaller promises process, we will post your declare to your court as part of your nation. The courtroom will then ahead the assert to the Cypriot debtor. Your debtor can raise objections, and both of those parties can submit digital evidence. The decide may perhaps even organize a videoconference hearing.

Should the debtor is unable to pay, enforcement of a assert can be done by getting an enforcement purchase with the courtroom. This allows the creditor to seize property or garnish wages to Get well the debt.

For uncontested promises, You will find a summary judicial method offered, which is a a lot quicker plus much more Price tag-efficient alternative than the usual comprehensive demo. This process is used for promises that aren't disputed through the debtor, and will consist of a courtroom buy for payment or maybe the attachment of assets.

Does your business have to handle a debt collection situation in Cyprus mainly because a Greek or Turkish buyer will not pay back your invoice? Our debt collection specialists and attorneys might be content that may help you. We be sure that your fantastic Bill is paid out swiftly.

Antonis Paschalides & Co LLC law firm continues to be our exterior counsels for our small business activity in Cyprus for read more the final five a long time. We check with them on a variety of initiatives (corporate matters, Levels of competition law, work regulation issues, marketing and advertising regulation, intellectual house law and so forth).

faucet into Debitura's expert community of regional debt recovery bailiffs and legal professionals. start out your assert now.

This implies acquiring out as much as is possible regarding the debtor and about his monetary status. Then, our attorneys in Cyprus will publish a letter of declare and send out it to your debtor, summoning him or her to acquit the debt inside a particular time frame, commonly of seven to ten times.

The court docket sends a summons for your debtor. This is an Formal connect with to appear ahead of the court. Your debtor has the chance to file a protection in opposition to the claim within just 14 days. being a creditor, you then have seven times to reply.

The court service fees depend on the worth with the assert plus the country wherein litigation will take spot. sometimes, the quantity is set, having said that, What's more, it is dependent upon litigation technique. In addition, our possess authorized fees are bundled in addition.

since the debt collection professional or lawyer assigned for your situation is familiar with the nearby lifestyle and business customs, we are able to deploy a custom made solution that is definitely appropriate for keeping a strong business enterprise romance with all your buying and selling spouse. When transferring your case, you can usually make a note of the.