Companies keep away from unpaid debts since it is inconvenient and places their popularity at risk. It adversely affects dollars circulation, holds up crucial company procedures, and will weaken interactions with creditors and personnel.
If the amount owed is not paid out, we ship one last reminder. On this letter, we advise your debtor that they will be taken to court docket if payment will not be gained by the specified day.
Our primary concern will be to try to negotiate with each debtor so as to avoid court docket intervention. The method accompanied by our skilled collection staff, will be to Get hold of the debtors and persuade them to settle their exceptional sum due by sending Formal notifications, demand letters, e-mail and through telephone phone calls.
suggest various techniques that enable them pay back the quantities because of in quite a few installments, and thus stay clear of a higher fiscal stress.
The length of legal proceedings in Cyprus is dependent upon the complexity of your scenario and whether your debtor raises a defence.
we're thrilled to announce that our regulation firm has merged with Haviaras & Philippou L.L.C., a reliable law firm aiming to provide the clientele of both of those firms underneath the identify of Haviaras & Philippou L.L.C.
A lawsuit will probably be well prepared by our staff of legal professionals in Cyprus who'll then ask for the consumer to assessment it. The Statement of declare will include all quantities due and also the charges paid with the client for that debt collection course of action
If pre-lawful endeavours are unsuccessful, our qualified lawyers can initiate authorized proceedings in opposition to the debtor, including acquiring judgments and imposing court orders to Get better the debt.
In situations of insolvency, the appointment of insolvency practitioners can be important to oversee the distribution of assets among creditors.
When working with debt collection in Cyprus, you are able to rely on Bierens. While our experts discover the solution you will need, you could resume organization as regular. We will let you with the following scenarios:
we're devoted to resolving your debt collection in Cyprus as promptly as you can. Once you have submitted your circumstance, We're going to do anything we can to Call your debtor in Cyprus. We make sure to obtain your debtor approached by phone As well as in crafting in Greek or Turkish.
need to your debtor fail to respond, then our professionals and legal professionals can supply you with an envisioned outcome or study course of action within 4 months. If authorized proceedings are essential, the debt collection course click here of action requires more time. The length is determined by the authorized proceedings and whether or not the debtor raises a defence.
When handling debt collection in Cyprus, it is possible to count on Bierens. even though our professionals uncover the answer you'll need, you may resume organization as standard. We may help you with the following predicaments:
Issuing courtroom proceedings is the last situation circumstance, on condition that any other out-of-Court achievable selection is fatigued. But, if a debtor will not be prepared to settle his debt and, hence, comply with his monetary obligations in the direction of the creditor, then the judicial route of initiating courtroom proceedings in opposition to him is the one noticeable Answer.