adhering to ongoing strain the debtor recommended the ship house owners experienced cashflow problems and also a payment prepare was made and agreed. The neighborhood associate designed sure the payment prepare was adhered to and also the debt was settled in entire inside the agreed time. 

This stage is important for maximizing Restoration from insolvent debtors.we offer aggressive authorized premiums for individual bankruptcy proceedings, with the option to get many quotes to discover the finest community representation.

obtaining extended standing relationships with all our overseas partners Now we have agreements to supply these providers over a NO earn NO rate basis charging the agreed Fee amount against monies recovered only. 

Only the ideal-carrying out agencies continue to be in our community, supplying you with access to top-quality debt recovery services despite where your debtors are.

The Cyprus lawful process relies on English common regulation as inherited from British colonization, with civil regulation influences, particularly in prison law. 

Liquidation Initiative: is often initiated through the debtor or a single creditor for insolvent companies devoid of prior dispute.

Debt Kontrol LLC also focuses primarily on cross border collections and Worldwide debt collection. We've substantial practical experience coping with foreign debtors, making use of both extrajudicial and legal techniques to Recuperate payments efficiently.

Arbitration in Cyprus presents an alternative the place a neutral arbitrator, or panel, helps make a decision over the matter right after Listening to the evidence and arguments from both sides.

Garnishment Orders: accessible to creditors to implement debts by garnishing wages or other incomes on the debtor.

Our head Workplace is in Nicosia, we also have a small subsidiary Business office in Limassol. All debt collection letters are despatched from the community head office. 

Your prompt action in resolving this situation is much appreciated, and we are hopeful for an amicable resolution without resorting to legal proceedings.

The realm of things to do these companies can undertake is meticulously controlled under Cypriot regulation, making certain the safety of shopper rights as well as the prohibition of any type of harassment. whilst these agencies Engage in a significant purpose while in the pre-lawful collection procedure by facilitating debt Restoration with out court docket intervention, they come across limits In relation to enacting legal actions, exactly where officially authorized proceedings or perhaps the involvement of other specialized entities could well be requisite.

The rigorousness of their duties underscores the numerous position bailiffs Enjoy in safeguarding creditors' rights even read more though making certain the reasonable treatment and protection of debtor's interests beneath the Cyprus Civil method legislation and certain debt collection procedures.

in a very partnership, creditors can go following the private belongings of the partners to settle debts owed via the company, as they may have endless legal responsibility.