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If the quantity owed is not really compensated, we send one particular last reminder. On this letter, we notify your debtor that they will be taken to court docket if payment will not be obtained by the desired date.

Additionally our Law Firm is ready to bring an motion just before any court once the situation have to have it.

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This evaluation decides the approach that may be applied on behalf from the customer during the collection approach.

a firm within a debt recovery problem should seek a quick and productive resolution ahead of it adversely influences organization processes.

Seized assets may very well be sold by public auctions, with proceeds used to satisfy the remarkable debts in accordance with authorized priorities. 

This phase entails Energetic negotiations Using the debtor to achieve an arrangement to pay the creditor’s promises or other achievable settlement alternatives (one example is, return of products, transfer of debt into a third party, exchange of expert services or goods).

inside the framework of the technique, it can be done to judicially cancel fraudulent/fictitious transactions in the debtor targeted at withdrawing more info their assets as a way to stay away from debt repayment throughout the pressured sale of these assets.

When managing debt collection in Cyprus, you can rely on Bierens. although our experts discover the answer you would like, you are able to resume small business as regular. We can help you with the next situations:

This implies locating out as much as feasible regarding the debtor and about his fiscal standing. Then, our Lawyers in Cyprus will create a letter of assert and send out it on the debtor, summoning him or her to acquit the debt in just a certain time frame, usually of 7 to ten times.

throughout the extrajudicial phase, we function based on a contingency fee. Meaning our fee is instantly proportional to the quantity we Get better. We also purpose to recover the curiosity and collection costs out of your debtor just as much as feasible as a way To optimize your income.

Also, the credit score collector are unable to use Untrue statements in its makes an attempt to recover the dues or employing One more identification. Accusations of any kind can not be tackled into the debtor.

Issuing courtroom proceedings is the final case situation, provided that any other out-of-court docket doable solution has long been fatigued. But, if a debtor will not be ready to settle his debt and, consequently, comply with his monetary obligations in direction of the creditor, then the judicial route of initiating courtroom proceedings in opposition to him is the only seen Alternative.