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Operating a business in Cyprus presents its own set of obstacles. One common hurdle companies face is dealing with outstanding invoices. When clients fail to settle their debts, it can significantly impact the financial health of a business. Fortunately, Cyprus offers reliable debt collection solutions designed to help businesses recover outstandin

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charges and expenses: Administrative charges start out from €185 for initiating the collection process, with further service fees determined by situation complexity. Creditor classes: Creditors are ranked; payments to unsecured creditors are created write-up-settlement with better-ranked groups. If the situation proceeds to court docket, it is