The Basic Principles Of cyprus law firm

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Collection enterprise will take care of all the collection system, from the amicable stage into the extrajudicial stage. For this intent, we operate together with a community of bailiffs and legal professionals in Cyprus.

These include their own list of sophisticated difficulties. for instance, a lot of the thoughts that are crucial to look at are:

It is always troublesome when prospects or other debtors don't pay back you. It will become even harder Whenever your debtors are located overseas.

Garnishee proceedings These proceedings goal at discovering out whether There is certainly dollars in a very banking account (or irrespective of whether you will find quantities due to the debtor by third events) and requesting that Those people volume are paid straight to the Creditor to extinguish the debt.

This assessment establishes the method that could be used on behalf of your customer over the collection approach.

usually there are some forbidden tactics in the Cypriot debt collection process for just a debt collector or lawyer to work with in his try to find out a debtor to pay for its dues.

It should be famous that the court can enforce the freezing with the debtor’s checking account or perhaps to problem an buy towards any immovable property the debtor has.

The last situation state of affairs is in the event the negotiations fail and there is no other choice than to move on with initiating court docket proceedings from the debtor.

As a global debt collection professional, we cope with various kinds of promises in Cyprus. We collect excellent invoices and also payment claims. We can also mediate in rental and buy disputes.

If we don't gather, You then pay no payment. If you decide to consider legal motion versus your debtor, then we shift to an hourly or fastened charge. We would not have any hidden charges and can always check with you ahead of continuing with any type of legal action.

during the hugely not likely event that we don't collect everything, you will not must shell out us any expenses. yow will discover a complete overview of our fees on our expenses website page.

George Y. Yiangou LLC may possibly assist and act on behalf of our consumers with discretion, professionalism and sensitivity on any debt collection make a difference in Cyprus.

sometimes we take into consideration it ideal to file an interim get versus the debtor’s immovable home or freeze his accounts. in the course of the courtroom proceedings there is usually check here a chance of settlement with no ought to go for a hearing.

Our attorneys, with in excess of 27 decades of experience in debtor-creditor troubles and professional debt collections, are devoted to delivering a devoted and cost-helpful solution while in the recovery of all measurements of economic debt.

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