With greater than forty years working experience in debt collection, Danos & Associates provides debt collection providers to an growing network of purchasers from Cyprus and worldwide. Our staff manages the debt collection process for regional and foreign folks, little and enormous organizations, banking get more info institutions and major Global regulation firms.
With our commercial litigation knowledge and skills, we've been improved positioned to navigate difficult disputes and statements to achieve a speedier and seamless Restoration.
If we can't Get well the curiosity and fees from your debtor, then these will be A part of the payment. if you choose to choose legal motion in opposition to your debtor, then we move to an hourly or preset price. We don't have any hidden expenses and will first check with you just before proceeding with any motion.
Despite the fact that Cyprus is formally one state, the country is administratively divided in two. The northern Element of the island has long been occupied by Turkey since 1974.
We also know that the Coronavirus can have designed a back log of debts, many of which might be authentic instances of lack of ability to pay for, even though Another circumstances relate to strategic conduct from the Debtors not to pay their debts.
Send a well mannered reminder on your debtor, Carefully prompting them about their fiscal obligation. This reminder must:
Our international debt collection Lawyers have considerable working experience and knowledge of laws and laws in Cyprus. We make sure to obtain your debtor approached by mobile phone and in creating in Greek or Turkish.
On this information, we dig deeper into each phase of your debt collection system in Cyprus. We've extensive options to supply, from discovering amicable remedies to initiating individual bankruptcy proceedings. rely on us for being by your aspect via all of it.
at last, in circumstances wherever the debtor is insolvent, insolvency proceedings is usually initiated. that is a authorized approach where the debtor’s belongings are liquidated and dispersed between creditors.
In accordance with circumstance legislation, any quantities paid for the legal professionals as A part of the debt collection in Cyprus (offered They may be fair) is usually recovered as damages with the debtor Together with any from the amounts thanks.
In Cyprus, the limitation period of time for promises is 6 several years in the date of the final payment or acknowledgement on the debt. it is necessary for creditors to concentrate on this time frame and just take action in the limitation interval to Recuperate the debt.
A debt collection agency can deal with recovering your cash. Our goal is to be sure that our consumers acquire what they are entitled to as speedily as is possible.
After figuring out the issue we advise the consumer as to The simplest way to go ahead and also the procedures concerned. We then request to discover just as much as is possible regarding the debtor and his monetary reliability.
By Operating closely with our customers, we aim to expedite the method and secure payment of your debt quickly or pursue a judgement to Get well payment.