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submitting an Appearance The debtor has 10 times to file an visual appeal. there are several situations for the duration of this Section of the debt collection procedure in Cyprus that the debtor will never file an visual appeal.
SCORDIS, PAPAPETROU & Co LLC can be a dynamic and foremost law firm in Cyprus whose roots date from 1922. nowadays it has greater than thirty specialized attorneys and is renowned for its strong international company and dispute resolution exercise and knowledge.
In this manual, we dig further into Each and every phase of the debt collection approach in Cyprus. We now have comprehensive remedies to offer, from getting amicable solutions to initiating bankruptcy proceedings. have confidence in us to be by your facet through everything.
Debt collection in Cyprus does not have to generally be an advanced approach. With Bierens by your side, we may help you get over the language, cultural and lawful dissimilarities that arise when addressing debt collection in Cyprus.
The duration of authorized proceedings in Cyprus will depend on the complexity of one's circumstance and if your debtor raises a defence.
We cooperate with a network of professional and trusted Law Firms in every one of these parts to the judicial debt collections.
Filing a lawsuit towards the debtor is the ultimate phase inside our Cyprus debt collection method prior to initiating execution from the judgement for your amounts thanks.
The collection businesses and legislation firms in Cyprus might also guide the creditors during the trials in opposition to the debtors.
“Bierens is often a extremely helpful and Specialist partner. not just have they got a superb debt collection technique, Additionally they give stable guidance.”
We need to file your assert with one of several five district check here courts on the island (in Nicosia, Limassol, Larnaca, Paphos, or Famagusta). We make this happen by making ready a notice of default and sending it towards the court.
We strongly believe that in these days’s fashionable society and enterprise environment, Unique emphasis must be positioned on alternative dispute resolution mechanisms and out-of-court settlements for resolving disputes.
In keeping with Cypriot bankruptcy law, your debtor is taken into account bankrupt if they do not repay their debts in an inexpensive stretch of time. In Cyprus, it can be done to file for personal bankruptcy of your respective debtor When the assert exceeds 854 euros.
greedy debt collection in Cyprus might be intricate. With Debitura at your side, blending area expertise and world wide know-how, debt recovery turns into seamless. This guideline is your best Software, empowering you to tackle Cyprus debt collection situations proficiently.
These safeguards guarantee a systematic method in the direction of debt Restoration in Cyprus, putting a balance in between economical debt collection and protection of purchaser legal rights from unjust collection procedures.
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