With a lot more than 40 a long time experience in debt collection, Danos & Associates delivers debt collection companies to an expanding community of shoppers from Cyprus and around the world. Our workforce manages the debt collection system for community and overseas people, modest and enormous companies, banking companies and key Global legislation firms.
The chance for a successful recovery is dependent upon the character of the debt collection situation. We fix ninety five% of all situations with a contingency foundation.
But in particular situations, the court might purchase if not with regard to execution. The time limit for thing to consider of the appeal is just not set up by law. due to consideration with the attractiveness, the court helps make a choice, which arrives into power from the moment of its adoption.
While Cyprus is officially a person region, the country is administratively divided in two. The northern Portion of the island continues to be occupied by Turkey considering the fact that 1974.
regardless read more of whether collection businesses may be used, Additionally it is possible to request authorized support, particularly when handling critical amounts that need to be recovered.
mail a polite reminder to your debtor, Carefully prompting them about their money obligation. This reminder should:
Our Intercontinental debt collection Lawyers have intensive experience and expertise in laws and restrictions in Cyprus. We ensure to have your debtor approached by phone As well as in writing in Greek or Turkish.
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right after getting a closing courtroom determination, Should the debtor refuses to voluntarily comply with the court docket decision, a writ of execution should be obtained and offered to your bailiff for execution.
Our exclusive method of debt collection makes sure that we offer unique expertise as well as a customised technique that fulfills the person demands of our shoppers, although also lessening prices and rising the amounts that they are ready to collect.
We recognise that late payment is a typical situation faced by enterprises in Cyprus, and that past owing accounts and defaulted payments may have a significant influence on the economical passions and revenue of a company.
Another forbidden motion would be that the creditor can not accumulate more debit than it supposed to, except the situation where by the condition regulation offers so.
Cyprus’ financial state is built of assorted kinds of businesses In accordance with their size, and also of different types of individuals. This is often why when working with debt recovery, the very first facet to take into consideration is the kind of purchaser that has did not satisfy his/her monetary obligations and afterwards make a decision on the strategy to Recuperate the excellent amount of money.
nonetheless, even In such a case, You will find a potential for achieving a settlement through which the debtor will dedicate to shelling out the owing amount of cash.