Karamanolis & Karamanolis LLC is actually a boutique firm specialized in Commercial and Corporate Litigation and Arbitration. The check here founders of your firm are expert and passionate industry experts who are within the forefront of numerous considerable business conditions of your earlier a long time.
in the event we feel that the debtor has no money credibility and would not have the capacity to pay back the creditor, regardless if a court docket judgment towards him is sent, we might recommend the client that it's not value pursuing this issue in courtroom.
Insolvency Law: Details the individual bankruptcy proceedings and choices for winding up an organization, offering pathways for creditors to Get well debts from insolvent entities.
Privacy Overview This Site uses cookies to make sure that we will supply you with the most effective user knowledge doable. Cookie details is saved in your browser and performs capabilities like recognising you when you come back to our Site and supporting our crew to know which sections of the website you discover most interesting and useful.
in the event the debtor would not regard his / her economical obligations in this timeframe, our legal professionals will then endeavor to barter with her or him. In our knowledge, there are actually many debtors who will choose to settle their debts at this stage.
Debt collection in Cyprus does not have being a sophisticated method. With Bierens by your side, we may help you prevail over the language, cultural and authorized distinctions that occur when addressing debt collection in Cyprus. As experts in Global debt collection, our gurus can inform you almost everything you should know when working with cross border collections and overseas debtors to successfully recover your payments.
The letter sent on the Debtor is prepared by our group of legal professionals in Cyprus who have to have the debtor to pay for in (usually) ten days. The letter is possibly served to your debtor via a court docket officer or sent by fax, post or e-mail.
irrespective of whether you end up picking to consult us in both the extrajudicial or judicial debt collection levels in Cyprus or abroad, our Office environment is ready To help you.
In certain circumstances, creditors might explore debt restructuring possibilities, letting debtors to repay in installments or underneath modified terms.
When addressing debt collection in Cyprus, you are able to depend on Bierens. when our industry experts locate the solution you would like, it is possible to resume enterprise as common. We may help you with the following situations:
This implies acquiring out as much as feasible about the debtor and about his monetary standing. Then, our attorneys in Cyprus will compose a letter of claim and mail it to your debtor, summoning her or him to acquit the debt within just a specific time-frame, generally of 7 to ten times.
There are specified strengths to work with legislation firms In regards to debt collection in Cyprus, as these can:
After pinpointing The problem and, therefore, advising the consumer regarding one of the simplest ways probable to a lot more ahead as well as processes concerned, beneath the provided circumstances, We are going to then search for to discover just as much as is possible concerning the debtor and his financial reliability.
nevertheless, even In such cases, There's a probability of reaching a settlement through which the debtor will commit to paying out the owing amount of cash.