personal bankruptcy These intention at triggering the debtor to be bankrupt. This phase has significant negative results around the debtor such as the prohibition to own checks or develop into director in organizations.
If a loading get in excess of the immovable assets of your debtor is recorded With all the Land Registry, a sale of it might be purchased if it’s required to cover the debtor’s dues.
If we cannot Get better the curiosity and fees out of your debtor, then these will probably be A part of the rate. if you choose to choose legal motion against your debtor, then we shift to an hourly or fastened price. We do not need any concealed prices and may initial consult with you ahead of proceeding with any action.
Bierens can be a really effective and Skilled partner. not just do they have a great debt collection process, In addition they give good advice
once the creditor is working with many debtors, we make use of a specialist computer software created to keep track of the Cyprus debt collection process. If your creditor so needs, our expert application might be linked With all the database on the creditor so which the creditor is at all times informed about the procedure and at what stage (of the levels mentioned under) the debt gathering method website is at.
ultimately, In the event the negotiations aren't profitable, We're going to initiate the proceedings with a certified court against the debtor.
For example, we could do that by requesting an order of seizure. In that case, the court docket appoints a bailiff to seize belongings from the debtor. it really is even achievable to seize belongings from 3rd functions.
accumulating debts in Cyprus encompasses reminder issuance, repayment negotiations, authorized motion initiation or simply reporting defaulters to credit score companies.
Price things to consider: Creditors ought to be conscious of administrative and possible lawful advisory fees in arranging their debt Restoration method.
In the event the debtor is not aware of the letter we will look for to barter with him over the cellphone. quite a few debtors will choose to settle the debt at this early phase and negotiate a payment approach.
The amicable route offers various benefits for all functions included. Creditors circumvent the significant fees affiliated with legal proceedings and simultaneously protect invaluable company interactions, because of the approach’s cordial nature.
We will normally Get hold of your debtor by sending an initial need letter, which we also follow up by using a telephone phone. like that we avoid any method of miscommunication. Our technique is usually firm and respectful, and you also will almost always be informed with the position of your situation.
Also, the credit history collector are not able to use Wrong statements in its makes an attempt to Recuperate the dues or making use of One more id. Accusations of any type can't be dealt with for the debtor.
regardless of whether they will perform with collection businesses, Additionally it is common to utilize the providers of legal professionals in Cyprus who can provide tailored help in accordance Along with the provisions with the Civil Code.