Karamanolis & Karamanolis LLC is really a boutique firm specialised in professional and Corporate Litigation and Arbitration. The founders of your firm are skilled and passionate pros who are already at the forefront of many substantial industrial circumstances on the earlier many years.

Our legislation firm specialises in managing each commercial and private debts, and understands the significance of protecting a professional solution in debt collection to maintain the connection amongst our clientele as well as their debtors.

Formal observe: challenge a proper discover letter, outlining the debt and the results of non-payment.Our local vetted collectors handle this phase, guaranteeing cultural and legal appropriateness. appreciate our "No treatment, No shell out" pricing design, which means you only pay back If your debt is successfully recovered.

To enforce payment from the dues, the debtor needs to be judged by an authorized Court. A charge should be paid for issuing read more the case to your courtroom. the worth of it is controlled by the corporation Registrar based on the court docket restrictions.

If the debtor data files an objection, the court docket summons the plaintiff to inform his placement on the case and, if it considers the debtor’s objection to get justified, cancels the payment order. In such a case, the case is topic to thing to consider in civil proceedings. If your debtor won't submit any objections to the courtroom, the payment get acquires the pressure of a final selection. the eu Payment buy is regarded in all EU member states (besides Denmark).

This is because of the ensuing lawful proceedings which may occur which work as a disincentive for them to stall the debt collection approach additional.

Debt collection in Cyprus generally begins within the extrajudicial period where we mail your debtor customised demand letters and make contact with them by phone. In the event your debtor disputes the assert or fails to respond, then we will commence by getting authorized motion in session along with you.

accumulating debts in Cyprus encompasses reminder issuance, repayment negotiations, legal motion initiation and even reporting defaulters to credit rating organizations.

If your debtor will not pay the outstanding assert, then you will be billed The fundamental rate starting from €185. Using these expenses, we include the executive fees, report and investigation. Your debtor are going to be approached in published communication and make contact with as a result of cellphone by a local expert.

In accordance with circumstance legislation, any amounts paid into the lawyers as Portion of the debt collection in Cyprus (delivered They are really acceptable) is often recovered as damages with the debtor in addition to any of your quantities due.

from the hugely unlikely party that we do not collect anything, you will not must fork out us any fees. you could find a full overview of our costs on our expenses web page.

George Y. Yiangou LLC could aid and act on behalf of our customers with discretion, professionalism and sensitivity on any debt collection make any difference in Cyprus.

within the realm of debt collection within Cyprus, the involvement of lawyers turns into critical when navigating with the judicial phases of recovering debts. Typically, their involvement is sought after when amicable alternatives are fatigued or in the event the complexity and scale from the debt necessitate formal authorized proceedings. legal professionals in Cyprus are instrumental in drafting meticulous legal files, initiating the lawsuit by submitting a Writ of Summons, and robustly representing the creditor through the courtroom proceedings.

courtroom proceedings are generally the final resort With regards to debt collection in Cyprus, and so they happen when no other Resolution is left.