Collection business will take care of your entire collection method, from the amicable period into the extrajudicial phase. For this objective, we operate together with a network of bailiffs and lawyers in Cyprus.

Our goal is to deliver a speedy and affordable debt collection support to our clients. Our crew of lawyers in Cyprus comply with all the traditional collection strategies and can advocate the most fitted collection method, obtaining regard on the shopper’s greatest interests.

Our prime issue is usually to attempt to negotiate with every single debtor as a way to prevent courtroom intervention. The method accompanied by our knowledgeable collection workforce, will be to Get in touch website with the debtors and influence them to settle their fantastic sum thanks by sending Formal notifications, desire letters, email messages and thru phone calls.

the vast majority of instances are settled throughout the extrajudicial collection phase, nevertheless, within the function exactly where a debtor neglects to pay, the situation is handed above towards the legal Division along with the assigned attorney will try out to persuade the debtor to pay for amicably inside a specified timeframe agreed While using the shopper.

We also know that the Coronavirus could possibly have produced a again log of debts, a number of which are authentic situations of incapability to pay, whilst Several other circumstances relate to strategic behaviour with the Debtors not to pay their debts.

ultimately, If your negotiations will not be productive, We'll initiate the proceedings with an authorized court docket against the debtor. 

Debt collection in Cyprus always starts off inside the extrajudicial section where by we ship your debtor customised desire letters and speak to them by cell phone. When your debtor disputes the claim or fails to respond, then we will proceed by taking lawful action in session along with you.

Our aim is to collect the additional curiosity and costs from the debtor; even so, this depends upon the nature of the situation. without any treatment No pay out debt collection in Cyprus, you may assume the next:

Antonis Paschalides & Co LLC law firm is our external counsels for our small business exercise in Cyprus for the last 5 a long time. We consult with them on a variety of tasks (corporate matters, Level of competition law, work legislation troubles, advertising regulation, mental assets legislation and so on).

Interim measures in Cyprus A lawful circumstance usually takes months to resolve. naturally, we don’t want your debtor to make use of that time to hide their property, leaving almost nothing to collect once the court docket can make a ruling.

in the event that the debtor is a business our Cyprus debt collection procedure includes jogging a research While using the database of the Registrar of corporations so that you can Find the registered Place of work deal with of the corporate, the names and private addresses of the Directors in order for us to have the ability to build contact.

They constantly give a point out of your art and 100% responsible lawful provider in a very swift and helpful manner. When needing lawyers in Cyprus, we'd very advise Antonis Paschalides & Co LLC regulation firm for almost any authorized assignment.

Antonis Paschalides & Co LLC has usually represented the foremost banking institutions of Cyprus in collection in their local debts and it has not too long ago been engaged by numerous international clientele wishing to collect from Cyprus primarily based people or businesses.

From our knowledge, These are a lot of individuals that will elect to settle their debts at this preliminary phase and negotiate a payment strategy.