cyprus law firm - An Overview
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In our expertise, by this issue, numerous debtors will most likely move forward with payment on the amounts due. even so, In the event the debtor isn't going to comply with time frames outlined from the letter of demand, our workforce of attorneys in Cyprus will commence with recovering the debt through the legal route – i.e. the filing of the lawsuit while in the courts of Cyprus.
SCORDIS, PAPAPETROU & Co LLC is usually a click here dynamic and top legislation firm in Cyprus whose roots day from 1922. nowadays it's got much more than 30 specialized legal professionals and is renowned for its powerful Worldwide corporate and dispute resolution apply and abilities.
given that we get the job done with attorneys in Cyprus, we are able to conduct all interaction using your debtor in Cypriot language. This increases the probability of payment even even further.
many of the scenarios are settled in the course of the extrajudicial collection stage, nonetheless, from the event exactly where a debtor neglects to pay, the case is handed above to the authorized department as well as assigned law firm will check out to influence the debtor to pay for amicably inside a specified timeframe agreed With all the customer.
regardless of whether collection companies can be utilized, It is additionally achievable to ask for legal assistance, particularly when working with critical amounts that must be recovered.
we're excited to announce that our law firm has merged with Haviaras & Philippou L.L.C., a highly regarded law firm aiming to provide the clientele of both firms under the title of Haviaras & Philippou L.L.C.
This could include things like sending demand from customers letters, earning cellphone phone calls, as well as checking out the debtor in particular person. When the debt is uncontested as well as the debtor is willing to pay back, This may be a quick and economical solution to Recuperate the debt.
gathering debts in Cyprus encompasses reminder issuance, repayment negotiations, legal motion initiation as well as reporting defaulters to credit history companies.
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just in case the amicable phase proves to generally be ineffective and all efforts to Recuperate the debt have been fatigued, we might then suggest to move forward to your judicial collection stage. Our key problem is always our customers’ greatest fascination, hence, previous to submitting any legal actions the situation is analyzed intimately as well as the authorized viewpoint is supplied to our customers for his or her consideration, outlining the accomplishment or the chance variables of the situation.
should really your debtor fall short to reply, then our professionals and legal professionals can offer you having an envisioned consequence or study course of action in four weeks. If lawful proceedings are essential, the debt collection course of action normally takes extended. The period depends upon the authorized proceedings and on whether or not the debtor raises a defence.
In circumstances where by the debtor has no property for seizure, take into consideration submitting for personal bankruptcy. If the debtor is previously bankrupt, post your declare promptly for verification.
A subpoena for confiscation and sale on the surety’s movable home may be emitted. The surety’s movable property need to be Section of community auctions.
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