We work directly for purchasers, but we also aid intermediaries for example legislation firms or accounting companies.
Evgenios Erotokritou could be the CEO of E.R. workforce world-wide Consultants and a qualified lawyer specialised in company law and enterprise development. never hesitate to contact us for almost any lawful difficulty you may take care of.
Formal recognize: situation a proper notice letter, outlining the debt and the results of non-payment.Our regional vetted collectors tackle this stage, making sure cultural and authorized appropriateness. appreciate our "No treatment, No pay out" pricing product, that means you only fork out If your debt is efficiently recovered.
Any bash to the dispute that's not satisfied with the ultimate decision with the court docket of to start with instance has the correct to appeal it on attractiveness within forty two times from your day of the choice. submitting an attractiveness does not quit the execution of the ultimate choice.
techniques for debt collection involving events in different countries are issue to Global agreements and rules. you may get details from our legal professionals Within this regard.
It is important to say, at this time, that throughout the courtroom proceedings, there is always a likelihood of settlement, with no want to achieve the ultimate courtroom stage, specifically the hearing of the situation.
For uncontested claims, You will find there's summary judicial procedure obtainable, which is a a lot quicker plus more Charge-helpful possibility than the usual full trial. this method is utilized for promises that are not disputed through the debtor, and might consist of a court buy for payment or the attachment of property.
step one inside the debt collection process in Cyprus is definitely the out-of-court docket stage. This is when the creditor makes an attempt to collect the debt by way of negotiation and conversation Together with the debtor.
They know just which procedures and legislation apply, which court docket we may have to drop by, And the way we will successfully gather your claim.
If we do not collect, Then you certainly pay out no cost. if you choose to get lawful action towards your debtor, then we transfer to website an hourly or mounted fee. We do not have any hidden charges and may always seek advice from you right before continuing with virtually any lawful action.
in the event the amicable section proves to become ineffective and all attempts to recover the debt happen to be exhausted, we'd then suggest to carry on towards the judicial collection stage. Our main problem is usually our customers’ ideal curiosity, as a result, prior to filing any lawful measures the situation is researched intimately along with the legal view is presented to our purchasers for their consideration, outlining the good results or the chance factors of the case.
In this kind of scenario we will make an application for a judgement for failure with the debtor to file an overall look. generally judgement is issued inside of 2-three months from the date which the lawsuit is filed.
soon after pinpointing the issue we suggest the client concerning the best way to transfer forward as well as the techniques involved. We then seek out to understand just as much as possible with regard to the debtor and his financial credibility.
These safeguards make certain a systematic method towards debt recovery in Cyprus, striking a stability concerning successful debt collection and safety of purchaser legal rights from unjust collection techniques.