whether it is impossible to gather the debt by means of an amicable process, you've the choice to initiate authorized proceedings. underneath, we clarify what equally the extrajudicial and amicable phases entail in Cyprus.

The simplified process is applicable to conditions through which, during the opinion of the court docket, the plaintiff has no authentic prospect of results in the case or maybe the defendant has no genuine prospect of properly defending towards the declare. Simplified choices are created devoid of litigation.

Debt collection companies, which include Debitura, Engage in an important job in facilitating amicable debt Restoration in Cyprus. By leveraging their know-how and sources, these agencies initiate the recovery system by way of adept identification of debts and debtor situation, following up with strategic communication makes an attempt.

We deal with all away from courtroom cases on the No overcome No shell out basis, also for debt collection in Cyprus. The commencing rate is €185,- for administrative prices. We purpose to Get well the principal amount which includes curiosity and charges from your debtor.

We also recognize that the Coronavirus could have established a back log of debts, many of that happen to be real conditions of incapacity to pay for, whilst A few other situations relate to strategic behaviour through the Debtors not to pay their debts.

Debt collection in Cyprus doesn't have being a complicated process. With Bierens by your side, we will let you get over the language, cultural and lawful differences that crop up when addressing debt collection in Cyprus. As experts in international debt collection, our specialists can let you know everything you need to know when coping with cross border collections and overseas debtors to effectively Recuperate your payments.

Application to examine the economic circumstance on the Debtor making use of to the court and requesting the examination from the debtor’s fiscal condition and necessitating the debtor to pay into the creditor an installment every month.

Does your organization have to handle a debt collection scenario in Cyprus for the reason that a Greek or Turkish shopper does not get more info pay out your Bill? Our debt collection specialists and attorneys is going to be joyful to assist you. We be certain that your fantastic Bill is paid out immediately.

on the other hand, given that legal professionals Possess a genuine reason to learn, all information and facts of your debtor, and particularly all information and facts which is publicly offered (one example is if they are received the Registrar of organizations in Cyprus) can be utilized because of the legal professionals.

Statute of limits: General limitation period of six yrs for most civil actions, together with debt recovery, extendable less than certain circumstances.

As a leading cross-border debt collection regulation firm, we have usage of world-wide business enterprise databases and credit rating stories. inside of these databases, we are able to perspective your debtor’s credit position, determine why the Bill was not paid out and refine our method accordingly.

We are going to normally Speak to your debtor by sending an Original demand letter, which we also adhere to up by using a phone call. this way we avoid any kind of miscommunication. Our method is always firm and respectful, so you will almost always be educated on the position of your situation.

Whilst litigation is viewed as A final vacation resort, our firm features a staff of knowledgeable lawyers who are very well-versed in debt collection, through the amicable section to authorized procedures.

We aim to deliver price for all our clientele and welcome suggestions on any facet of the company we offer.