The smart Trick of cyprus law firm That Nobody is Discussing

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needless to say, no person hopes to go bankrupt. Our expertise is that the debtor abruptly finds a means to spend at the time a personal bankruptcy petition is submitted.

As outlined by Cypriot law, It's not necessarily obligatory to hire a lawyer to file a lawsuit against your debtor, nor is it necessary to have an attorney depict you in the authorized proceedings.

This enables us to comply with a versatile and client centered method as Section of our debt gathering tactic.

When to Escalate: changeover to judicial proceedings must be viewed as when amicable initiatives are unsuccessful or read more statutory limitations strategy.

This letter includes a paragraph that in case the debtor doesn't react in the deadline then authorized proceedings will probably be initiated by our team of Cyprus lawyers.

this technique is employed to establish contact with the debtor. We find the method of softly speaking which has a debtor first to become extremely productive for debt collection in Cyprus. There are many of circumstances where debtors, the moment they understand that their scenario has actually been assigned to debt collectors in Cyprus, especially if these are typically legal professionals, will contemplate that the issue needs to be settled.

Debtors normally get critically a letter of claim coming from an attorney, as opposed to any letters through the creditors, them selves. with no question, numerous debtors want to stop authorized proceedings towards them and may be willing to settle their fiscal obligations away from court docket.

Cyprus is a celebration to Global treaties facilitating the recognition and enforcement of overseas judgments for cross-border debt collection. 

Antonis Paschalides & Co LLC law firm has actually been our exterior counsels for our business enterprise exercise in Cyprus for the last five years. We talk to them on many alternative initiatives (corporate matters, competition regulation, work legislation problems, advertising and marketing regulation, mental home regulation etc).

If we do not acquire, Then you definately pay back no payment. if you choose to take lawful motion against your debtor, then we shift to an hourly or mounted price. We would not have any hidden costs and can normally consult you just before continuing with any kind of legal motion.

while in the extremely unlikely occasion that we don't obtain nearly anything, you will not must fork out us any expenses. You can find a complete overview of our charges on our costs website page.

Specialising in debt collection we Blend professionalism and comprehensive working experience of the authorized course of action using a professional and realistic approach to debt collection.

Alternative dispute resolution approaches like mediation and arbitration could possibly be explored ahead of resorting to lawful proceedings. you will get these debt recovery companies in Cyprus from our legal professionals. 

typically, debt recovery in Cyprus starts off with calling the debtor so as to achieve a mutual beneficial arrangement for that payment on the exceptional sum of money. This ordinarily applies to small business-to-company contracts exactly where creditors and firms handle unpaid invoices.

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