Submit your Make contact with specifics and amongst our debt collection specialists will Speak to you promptly!

For European buy for Payment proceedings, the creditor usually completes an ordinary type and submits this to your Court. The Court website then problems a eu purchase for Payment. The debtor then has thirty days to point out whether or not they object for the declare. If there isn't any response inside of the 30-day interval, you might inquire the Court to help make the purchase for payment last (termed a “declaration of enforceability”).

commencing a debt collection in Cyprus is rapidly and simple. you'll be able to upload your claim through our on the internet transfer sort. All you will need to do is enter some details with your organisation, your debtor’s organization and pertinent documentation or invoices. you may then upload your circumstance through a protected community listed here.

Garnishee proceedings These proceedings intention at locating out whether or not You can find money within a checking account (or irrespective of whether there are quantities mainly because of the debtor by third get-togethers) and requesting that those amount of money are compensated straight to the Creditor to extinguish the debt.

if the creditor is addressing plenty of debtors, we make use of a professional application built to keep an eye on the Cyprus debt collection procedure. Should the creditor so wishes, our professional application is usually linked With all the database on the creditor so that the creditor is all of the time informed about the process and at what phase (of your stages stated underneath) the debt accumulating process is at.

On top of that, precise limitation periods apply to particular matters. For promises linked to contract perform, There exists a limitation duration of 6 years.

Seized belongings may very well be sold via community auctions, with proceeds made use of to fulfill the remarkable debts in accordance with legal priorities. 

accumulating debts in Cyprus encompasses reminder issuance, repayment negotiations, lawful motion initiation or maybe reporting defaulters to credit history companies.

“Bierens is really a extremely efficient and Expert lover. Not only do they have a superb debt collection course of action, Additionally they give sound tips.”

little by little, we boost the stress as a result of cellphone calls, SMS or WhatsApp messages, and emails. We continue on this until finally the superb invoice is paid. inside of a duration of three weeks, there'll be considered a maximum of sixteen moments of Get in touch with.

In case the debtor is a company our Cyprus debt collection course of action involves running a look for While using the database in the Registrar of corporations in order to Identify the registered Office environment deal with of the organization, the names and private addresses of the Directors to ensure that us to be able to create Get hold of.

ought to the negotiations are unsuccessful and there is no other alternative We are going to move forward with issuing court docket proceedings. which is only if we sense that there's a very good potential for good results in Court and good results in accumulating the debt.

In cases where by the debtor has no property for seizure, take into account submitting for bankruptcy. Should the debtor is previously bankrupt, submit your assert immediately for verification.

In Cyprus, amicable debt collection stands out as a price-productive and romance-preserving method for reclaiming overdue payments. This non-litigious technique underscores negotiation and knowing, aiming to strike a equilibrium that acknowledges the debtor's ailments although safeguarding the creditor's economical pursuits.