With a lot more than 40 decades encounter in debt collection, Danos & Associates offers debt collection services to an growing community of clients from Cyprus and throughout the world. Our team manages the debt collection method for nearby and overseas people today, smaller and huge providers, banks and big Worldwide legislation firms.
in some instances, recovering your payment by deploying comprehensive steps might not be the best suited course of action. We recognize that with certain prospects, it can be crucial for the organization to maintain a protracted-term relationship.
That’s why we can easily inquire the court docket in Cyprus to impose an interim attachment. Consequently the debtor’s property are going to be placed in custody by a bailiff right up until a courtroom choice is made. so long as the property are less than attachment, your debtor simply cannot entry them.
Any get together to the dispute who's not content with the final final decision on the court docket of 1st instance has the ideal to read more charm it on attraction within just 42 days in the day of the choice. Filing an enchantment would not halt the execution of the ultimate selection.
it is vital to notice that it is a separate system from debt collection and will be taken care of by a lawful Expert.
We are energized to announce that our regulation firm has merged with Haviaras & Philippou L.L.C., a trustworthy legislation firm aiming to serve the clientele of each firms under the name of Haviaras & Philippou L.L.C.
If your debtor actually can’t fulfill their payment obligations, the courtroom declares them bankrupt. A trustee is then appointed to assess the assets within your debtor and all creditors. The creditors are repaid just as much as possible from the assets.
Our debt collection course of action aims particularly at combating strategic responses of debtors in not spending what they owe whilst in instances where the debtor is genuinely struggling to spend, we offer a flexible technique determined by the wishes with the shopper.
Charge issues: Creditors needs to be conscious of administrative and potential lawful advisory service fees in setting up their debt Restoration strategy.
The length of legal proceedings in Cyprus will depend on the complexity of the case and ON regardless of whether your debtor raises a defence.
whenever a Monthly bill or Bill remains unpaid, step one is to aim collection by extrajudicial or amicable means. The extrajudicial stage consists of all efforts to gather the debt with no involving the courts. In 9 from 10 instances, this is adequate to Get well your hard earned money.
must your debtor are unsuccessful to reply, then our experts and attorneys can supply you with an predicted result or class of action in just 4 weeks. If authorized proceedings are important, the debt collection system usually takes lengthier. The duration will depend on the legal proceedings and whether or not the debtor raises a defence.
In cases the place the debtor has no assets for seizure, look at submitting for individual bankruptcy. When the debtor is presently bankrupt, submit your claim promptly for verification.
From our experience, They may be a lot of people that will prefer to settle their debts at this preliminary stage and negotiate a payment system.