With more than 40 years knowledge in debt collection, Danos & Associates provides debt collection products and services to an growing community of consumers from Cyprus and around the world. Our workforce manages the debt collection course of action for local and foreign men and women, tiny and enormous businesses, banking companies and important Global legislation firms.

for a shopper, you communicate with our dedicated English Talking debt collection specialist. You would not have to talk to your debtor and also the community specialists by yourself. via our on the web Cockpit you will be able to repeatedly keep track of the progress of the debt Restoration check here course of action.

Inflationary Pressures: The region activities various inflation ranges impacting home shelling out and financial investment conclusions.

Creditors of an LLC can generally go after the company’s assets for debt collection, with limited recourse to shareholders' personalized assets.

Knowledge of countrywide and international legislation, coupled with negotiation abilities and principled empathy, simplifies this innovative and sensitive procedure.

Debt checking: constantly checking debtors’ money circumstances to make certain timely payments and adherence to agreed-on terms.

personal bankruptcy goal: Aimed at reorganizing the debtor company beneath regulation control by using repayment agreements.

The objective and Specialist perspective provided by this kind of organizations typically pave just how For additional fruitful Restoration, effectively bridging the hole amongst creditors and debtors without particular biases intervening.

Legal Compliance We adhere strictly to all debt collection laws and laws, guaranteeing lawful and efficient functions.

How can you obtain the superb debts? Which legislation applies? In Cyprus, the situation is even further complicated because a Portion of the island is underneath the Charge of Turkey and a different lawful technique is de facto applied.

This stage serves to be a crucial juncture for setting up the creditor's standing while in the proceedings and asserting their promises effectively.

offered the complexities of Cyprus's lawful techniques and the need for just a strategic approach to debt Restoration, specifically in the post-COVID-19 context, securing knowledgeable legal counsel is crucial.

declare Disputes: Insolvency practitioners can accept or dispute claims; unresolved disputes involve court docket intervention.

through the judicial stage, we do contain the court docket so as to make your Cyprus debtor pay. mainly because we are a law firm, we could guide you for the duration of equally phases. In Cyprus, ninety five% from the situations that we address, might be collected with no courtroom intervention.