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CYPRUS

Debt Collection

Cyprus Debt Collection Lawyers

Chambers & Co have been successfully recovering debts for clients since 1996, with a 90%+ success rate. We deal with both commercial and private debts.

Debt collection has to be done with a professional approach, to maintain the goodwill between your client and yourself.  Even though litigation is only proposed to our clients as a last option, our firm has experienced lawyers in the field who can provide a very professional service from the amicable phase to legal procedures.

Commercial Debt Collection

More and more businesses are closing down today, because of cash flow problems. Late payment is one of the oldest tricks of the trade. Half of all invoices are not paid on time in Cyprus.

For any business, past due accounts and accounts that have been defaulted on can harm business interests and profits. It is important to maximise your recovery of all sizes of commercial debt. At Chambers & Co, our lawyers have more than 20 years of experience in legal matters that include debtor-creditor issues and commercial debt collections.

Given the stakes for our clients, we approach commercial debt collection with a dedicated, cost-effective approach. By working closely with the businesses we represent, we can work to expedite the process and secure a payment of the debt immediately or pursue a judgement to recover payment.

Our Debt Collection Services

At our firm, we offer advice and representation in matters that involve:

  • Commercial credit debt collection
  • Private debt collection
  • Collection of secured and unsecured property
  • Enforcement of post-judgement rights
  • Judgement enforcement
  • Bankruptcy representation

Debt collection is a unique type of litigation that requires specific knowledge and an approach that meets business needs, while reducing costs and increasing the amounts that your company is able to collect.

We act for financial institutions, credit unions, finance companies, corporations and private clients.

Collection Process

  1. Case Review
  2. Out of Court Negotiations
  3. Court Proceedings
  4. Judgment Enforcement

Debt Collection

See how our lawyers can help you with issues relating to Debt Collection.