needless to say, no person desires to go bankrupt. Our practical experience is that the debtor abruptly finds a way to shell out once a bankruptcy petition is submitted.

We are pleased to get the opportunity to complement Antonis Paschalides & Co LLC legislation firm on the quality and professionalism which is characterized by their firm in all areas of their enterprise. Antonis Paschalides & Co LLC law firm has worked with us in the last two a long time on numerous our portfolio providers (provision of fiduciary – corporate – authorized services) and we are already amazed by the caliber of its consultants, the effects of their work, the truthful and trustworthy solutions as well as their Specialist approach in quite a few conditions. We anticipate numerous much more profitable several years of cooperation.

We handle all out-of-court docket scenarios on a contingency price basis, also for debt collection in Cyprus. We purpose to Get better the principal amount of money including fascination and expenses from a debtor.

Issuing court docket proceedings is the last resort once the debtor is not really ready to settle his debt without the have to have for litigation. The shopper/creditor will likely be advised as to whether it is value likely to courtroom along with the sensible possibilities of success in Court and collection of the debt.

if the creditor is managing a great deal of debtors, we utilize a professional program built to keep an eye on the Cyprus debt collection method. If your creditor so wishes, our expert application is usually connected with the database on the creditor so that the creditor is all of the time informed about the procedure and at what stage (of your stages outlined below) the debt collecting system is at.

This method is applied to establish contact with the debtor. We find the strategy of softly speaking using a debtor initially being extremely effective for debt collection in Cyprus. There are many of cases wherever debtors, as soon as they realize that their situation continues to be assigned to debt collectors in Cyprus, especially if these are lawyers, will consider that the make a difference have to be settled.

Debtors usually consider significantly a letter of claim coming from an attorney, as an alternative to any letters within the creditors, them selves. with none question, a lot of debtors want to prevent legal proceedings against them and will be prepared to settle their financial obligations from courtroom.

Our debt collection process aims specifically at combating strategic responses of debtors in not having to pay what they owe even though in circumstances exactly where the debtor is truly unable to pay, we provide a flexible approach according to the wishes in the shopper.

inside the framework of this procedure, it is possible to judicially terminate fraudulent/fictitious transactions on the debtor aimed toward withdrawing their belongings so as to avoid debt repayment in the compelled sale of these property.

In Cyprus, the authorized landscape for debt collection is formed by a number of restrictions and laws made to keep up a balance amongst creditors' legal rights and debtors' protections. This framework don't just facilitates successful debt recovery and also assures fair cure for all get-togethers associated.

Debt collections can not just be enforced in website Cyprus but judgments could possibly be executed abroad too. Quite simply even though a debt may very well be created in Cyprus nevertheless the debtor is afterward relocating out from the state, we may possibly proceed with filing of the court docket motion in Cyprus, serve the defendant overseas, then hold the judgment issued in Cyprus and thereafter have it executed for the debtors nation or point out of residence.

Specialising in debt collection we Merge professionalism and extensive expertise of your authorized procedure which has a commercial and useful approach to debt collection.

This relies on each condition and debtor. We generally get started within the amicable debt collection stage. This process takes a comparatively quick time for the reason that we offer your debtor with confined time to complete the payment. When commencing your circumstance, your situation worker will supply an estimate with the period of your respective situation.

being a creditor, we still have a solid leverage Software at our disposal In the event your debtor seriously refuses to pay for: a bankruptcy petition. In Cyprus it can be done to file for bankruptcy of your respective debtor if they do not pay out.