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Garnishment particularly arrives into Perform While using the debtor's income, where by, on court docket authorization, a portion of the debtor's money is directed through the employer straight on the creditor. Additionally, the duration of insolvency instances in Cyprus is notably variable, motiva

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Finally, in situations the place the debtor is insolvent, insolvency proceedings could be initiated. that is a authorized method in which the debtor’s belongings are liquidated and dispersed among the creditors. that is a legitimate and enforceable judgment which is recognized in almost any Member