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The period of your debt collection in Cyprus is dependent upon the complexity of the declare. usually, it may take a number of months to retrieve your payment for an everyday debt collection circumstance. Our debt collection attorneys will generally maintain you up-to-date.

Enforcement can be used for as much as ten years after a judgement is issued. The court enforcement procedures which our staff of Cyprus legal professionals will perform on behalf with the creditor are:

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This letter includes a paragraph that in case the debtor won't reply within the deadline then lawful proceedings is going to be initiated by our team of Cyprus lawyers.

it is crucial to mention, at this stage, that in the court docket proceedings, there is usually a probability of settlement, with no need to succeed in the ultimate Court phase, specifically the hearing of the case.

following the judgment is issued, the methods of enforcement may commence. The debtor’s assets could be object in the enforcement If your court docket decides so.

Within this information, we dig further into Just about every stage of your debt collection course of action in Cyprus. We now have in depth solutions to supply, from acquiring amicable alternatives to initiating bankruptcy proceedings. believe in us being by your aspect via it all.

the trouble of late or perhaps non payment has arrived at Cyprus don't just on a neighborhood business enterprise degree but also around the transactions of overseas nationals by way of Cyprus providers.

Interim actions in Cyprus A lawful circumstance usually takes months to solve. Of course, we don’t want your debtor to employ that time to hide their property, leaving practically nothing to collect when the courtroom will make a ruling.

Our specialists and lawyers generally do their utmost to be certain to collect your declare as quickly and efficiently as feasible. We generally Be sure to give you genuine and realistic assistance that should supply you the most effective success.

you'll find sure advantages to operate with legislation firms when it comes to debt collection in Cyprus, as these can:

If you need aid in chasing a debt, our Cypriot attorneys are at your disposal and will help you in the two the amicable and courtroom proceedings.

usually, debt Restoration in Cyprus starts off with getting in contact with the debtor to be able to reach a mutual useful settlement with the payment of the excellent amount of money. This usually applies to organization-to-small business contracts where creditors and companies manage unpaid invoices.

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