With over 40 yrs encounter in debt collection, Danos & Associates delivers debt collection expert services to an expanding network of purchasers from Cyprus and all over the world. Our staff manages the debt collection course of action for regional and overseas individuals, little and huge businesses, banking institutions and main international legislation firms.
Debt collection in Cyprus often starts from the extrajudicial phase wherever we send out your debtor custom-made need letters and speak to them by cell phone. If the debtor disputes the claim or fails to respond, then we will continue by using lawful motion in consultation with you.
Our prime concern will be to try and negotiate with every single debtor in order to steer clear of court intervention. The technique accompanied by our experienced collection staff, is usually to Make contact with the debtors and persuade them to settle their fantastic volume owing by sending official notifications, demand letters, e-mail and through telephone phone calls.
add your situation in one minute and our domestic debt collection professional in the debtor’s place will begin accumulating your case immediately.
In Cyprus, amicable debt collection stands out as a price-helpful and romance-preserving method for reclaiming overdue payments. This non-litigious solution underscores negotiation and knowledge, aiming to strike a stability that acknowledges the debtor's ailments when safeguarding the creditor's economical interests.
At D. Hadjinestoros & Co LLC We now have an exceptionally large accomplishment rate in debt collection as we adhere to up frequently about the debtor working with all legal channels and signifies of conversation.
Our associates adhere to your clear and standardized debt collection settlement, streamlining your authorized framework throughout jurisdictions and partners.
Our preference is to gather your assert without the need of court docket intervention. Therefore, we constantly begin a collection from the amicable period. If this has no outcome, then we will explore your judicial alternatives with you. We won't ever intiate court docket proceedings with no your specific consent.
ultimately, in situations wherever the debtor is insolvent, insolvency proceedings can be initiated. this is the lawful method the place the debtor’s assets are liquidated and dispersed among the creditors.
Interim steps in Cyprus A lawful scenario may take months to take care of. obviously, we don’t want your debtor to work with that point to cover their assets, leaving very little to gather once the courtroom can make a ruling.
every time a bill or Bill continues to be unpaid, the initial step is to attempt collection by extrajudicial or amicable indicates. The extrajudicial period includes all endeavours to collect the debt without the need of involving the courts. In nine outside of 10 situations, This really is adequate to Recuperate your cash.
The courtroom sends a summons on your debtor. This can be an Formal connect with to seem prior to the court. Your debtor has the opportunity to file a protection against the claim inside 14 times. like a creditor, you then have seven days to respond.
In Cyprus, debt recovery more info necessitates navigating through an intricate lawful framework. Adherence to those rules fosters effective debt recovery and upholds fair strategies, which happen to be important for preserving trustworthiness in enterprise dealings.
By Doing work intently with our consumers, we goal to expedite the process and secure payment in the debt immediately or pursue a judgement to recover payment.