Karamanolis & Karamanolis LLC is a boutique firm specialized in professional and Corporate Litigation and Arbitration. The founders in the firm are knowledgeable and passionate experts who have already been on the forefront of many important commercial scenarios in the previous a long time.

Only the very best-doing agencies continue being in our community, providing you with use of excellent debt recovery companies no matter exactly where your debtors are.

Furthermore we could use credit score info businesses and the online world for our debt collection. In Cyprus in addition to in all EU member states the overall knowledge safety Regulation could forbid the use of knowledge which the debtor has not specified consent.

suggest a variety of procedures that assistance them fork out the amounts because of in various installments, and thus prevent a greater economic burden.

The authorized collection period usually involves acquisition of the enforceable court docket buy. This commonly mandates legal illustration via an area legal professional in Cyprus, and The prices website differ depending on the complexity of the situation and also the debtor's response.

at some point, Should the negotiations aren't profitable, we will initiate the proceedings with a licensed court docket in opposition to the debtor. 

This could certainly involve sending need letters, generating mobile phone calls, and even browsing the debtor in individual. When the debt is uncontested plus the debtor is ready to spend, This may be a quick and effective way to recover the debt.

this method incorporates sending a payment reminder on our behalf. most often, this is enough to implement payment of the excellent sum.

How can you acquire the remarkable debts? Which legislation applies? In Cyprus, the specific situation is even further difficult mainly because a Element of the island is under the control of Turkey and a special legal method is de facto used.

Considering that if reaching court docket proceedings, a decide can dispose for the thanks amounts being withheld straight from the debtor’s checking account, reaching an amicable settlement is commonly the chosen path.

The amicable route provides numerous positive aspects for all parties involved. Creditors circumvent the significant fees affiliated with legal proceedings and at the same time protect a must have organization relationships, thanks to the course of action’s cordial nature.

An additional forbidden motion would be that the creditor are unable to acquire far more debit than it purported to, besides the situation exactly where the condition regulation gives so.

just after identifying The difficulty and, thus, advising the customer as to the best way achievable to additional forward plus the processes concerned, under the supplied circumstances, we will then seek out to learn just as much as possible about the debtor and his money reliability.

It typically comes about that a creditor doesn't have each of the proof available. We realize that entirely. you'll be able to still post your claim to us. Subsequently, you may explore with our debt collection agent what evidence you need to do have for your personal declare.