constraints on Enforcement techniques: Debt collection procedures like asset seizure or garnishee orders require a court docket judgment, supplying debtors judicial scrutiny of collection endeavours.
Demetriades has long been charged with offences associated with corruption, bribery and dollars laundering in the golden passports scandal.
suggest several strategies that aid them pay the amounts due in many installments, and therefore keep away from a better economic burden.
find out more about your legal rights like a client and how to place and stay away from ripoffs. Find the sources you should know how buyer defense regulation impacts your small business.
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After the ultimate courtroom has made the choice and In the event the debtor refuses or fails to adjust to the debt payment, our Cypriot attorneys can use the next techniques to Get better the debt:
should really the negotiations fall short and there's no other solution We'll move ahead with issuing court docket proceedings. That is only if we truly feel that there is a Superb chance of results in Court and achievement in collecting the debt.
Even if collection businesses can be utilized, it is also possible to ask for legal enable, particularly when working with critical amounts that should be recovered.
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Asset Seizure: Enforced through writs of execution, attaching to the two movable and immovable assets.