We provide debt recovery and lousy debt recovery remedies to our clientele for the Restoration in their dollars and assets. Our knowledgeable staff of professionals can aid with the Restoration on the debt owing, the curiosity along with damages and charges incurred.

SCORDIS, PAPAPETROU & Co LLC is a dynamic and top law firm in Cyprus whose roots date from 1922. these days it's got much more than 30 specialised lawyers which is renowned for its robust Intercontinental company and dispute resolution follow and experience.

We take care of all out-of-court docket scenarios with a contingency cost basis, also for debt collection in Cyprus. We goal to Get well the principal amount including curiosity and prices from your debtor.

Cyprus is an element on the EU. consequently, it is not generally required to obtain your assert in the Cypriot legal method. you will find Unique European methods to recover cross-border claims. These treatments happen to be set up to make it simpler to gather unpaid expenses overseas (but inside the EU).

Filing a Defence in the event the debtor information an physical appearance, then he will also have to file a defence into the declare.

000 providers worldwide, like Cyprus. Learn how our international professionals and attorneys have assisted other providers in an analogous predicament and locate the solution for debt collection in Cyprus.

Debtors normally acquire critically a letter of declare coming from an attorney, as opposed to any letters within the creditors, themselves. with none doubt, quite a few debtors want to prevent lawful proceedings versus them and can be willing to settle their economic obligations outside of courtroom.

Our attorneys have in depth practical experience representing banks together with other financial establishments in debt recovery matters, making certain the efficient enforcement of their rights and also the Restoration of outstanding debts.

They know particularly which principles and legislation implement, website which courtroom we might require to head over to, And the way we can properly gather your claim.

Given that if achieving court proceedings, a choose can dispose to the thanks amounts being withheld directly from the debtor’s banking account, reaching an amicable agreement is usually the decided on path.

We recognise that late payment is a standard concern faced by corporations in Cyprus, and that previous thanks accounts and defaulted payments might have a substantial influence on the monetary pursuits and gains of a company.

This is determined by Just about every situation and debtor. We generally start out from the amicable debt collection phase. this method will take a relatively brief time for the reason that we provide your debtor with restricted time to complete the payment. When beginning your case, your caseworker will give an estimate of your length within your situation.

When addressing debt collection in Cyprus, you can depend on Bierens. when our specialists uncover the solution you may need, you'll be able to resume small business as usual. We will help you with the following situations:

having said that, even In such cases, There exists a probability of achieving a settlement through which the debtor will commit to spending the because of sum of money.