12. What documentation and evidence do I need to gather to assistance the validity of my B2B debt declare in Cyprus?
Interim measures in Cyprus A lawful situation usually takes months to resolve. obviously, we don’t want your debtor to make use of that point to cover their property, leaving practically nothing to gather when the courtroom makes a ruling.
We frequently meet up with the shopper/creditor in man or woman or sometimes by means of Talking by using telephone or on line by way of e-mail or skype.
At CIS DRS, we're dedicated to upholding the highest requirements of Qualified ethics and price the standing of our clients. Our attorneys abide by strict protocols making sure that all collection efforts are conducted in a fair and ethical fashion
This permits us to observe a versatile and consumer centered solution as A part of our debt accumulating system.
just in case all attempts to conclude the debt collection in Cyprus as a result of negotiation never deliver the effects we will then move forward with the next phase which is to mail a letter of demand on behalf of our purchasers.
After the last court docket has built the decision and In get more info the event the debtor refuses or fails to comply with the debt payment, our Cypriot lawyers can use the following treatments to Recuperate the debt:
ought to the negotiations fail and there's no other solution we will go forward with issuing court docket proceedings. That is provided that we feel that there is a Superb potential for success in courtroom and achievements in accumulating the debt.
client safety: Debtors are entitled to legal rights like prompt payment, fascination for late payments, and recovery Price tag compensation.
In this type of circumstance we could make an application for a judgement for failure of your debtor to file an appearance. generally judgement is issued within 2-three months within the date that the lawsuit is submitted.
Our nearby Lawyers will support you in navigating the intricate bankruptcy process, guaranteeing your claim is filed effectively and promptly.
charges and bills: Creditors can Get better debt amount of money, €40 as recovery fees, and legal expenses from effective lawsuits.
If a debtor is insolvent, creditors might initiate personal bankruptcy proceedings, most likely leading to the liquidation of property to satisfy debts.
Submit your Get hold of information and considered one of our debt collection professionals will contact you quickly!