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Upon effective filing on the personal bankruptcy petition, the Cypriot court schedules a preliminary hearing and notifies all pertinent get-togethers involved, such as the debtor. It really is critical for creditors for being effectively-educated with regard to the hearing program and to be prepared to present any extra documentation as asked for f

The debtor’s property can be frozen before the judgment concern by implementing some measures following the declare was registered into the courtroom but only below some special conditions. The immovable and movable Houses could be Section of the Specific seizure. Collecting debts in Cyprus encompasses reminder issuance, repayment negotiations,