The Ultimate Guide To debt collection cyprus
The Ultimate Guide To debt collection cyprus
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Karamanolis & Karamanolis LLC is actually a boutique firm specialized in business and Corporate Litigation and Arbitration. The founders of your firm are experienced and passionate pros who have already been with the forefront of numerous important business scenarios in the earlier several years.
just in case we believe that the debtor has no fiscal trustworthiness and would not be able to spend the creditor, even if a courtroom judgment against him is shipped, we'd recommend the client that it's not well worth pursuing this subject in courtroom.
Additionally our regulation Firm is able to carry an motion before any court docket when the circumstances need it.
Whilst Cyprus is officially one place, the nation is administratively divided in two. The northern Element of the island continues to be occupied by Turkey considering the fact that 1974.
submitting a Defence In case the debtor documents an look, then He'll even have to file a defence for the claim.
a corporation in a debt recovery condition have to search for A fast and economical resolution before it adversely influences enterprise procedures.
Our companions adhere into a clear and standardized debt collection arrangement, streamlining your lawful framework across jurisdictions and associates.
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How can you gather the exceptional debts? Which regulation applies? In Cyprus, the problem is even further intricate mainly because a Portion of the island is beneath the Charge of Turkey and a unique legal system is de facto applied.
In accordance with situation regulation, any quantities compensated towards the lawyers as Component of the debt collection in Cyprus (furnished These are fair) is usually recovered as damages through the debtor Along with any in the here amounts because of.
With our in-dwelling debt collection Restoration approaches, we can easily give our customers with correct and useful help or tips. We divide debt collection into two significant stages: extrajudicial debt collection and judicial debt collection.
If forced execution would not produce beneficial results, if you'll find indications of personal bankruptcy (the debtor is not able to repay the debt, has dedicated an act of personal bankruptcy, and so forth.) and delivered that the amount of the debt is at the very least 15,000 euros, then it truly is advisable to initiate bankruptcy proceedings.
Our professionals and legal professionals always do their utmost to ensure to collect your assert as rapid and competently as you possibly can. We normally Ensure that you Provide you with sincere and realistic information that may produce you the top final results.
Anastasios specialises in corporate law issues, insurance policy law and debt collection. Also he has vast expertise in e-money and payment providers legislation.
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