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Launch of the new out-of-court mechanism for settling debts of households and businesses.


The Ministry of Finance announces, today, the launch of the electronic platform of the new Out-of-Court Debt Settlement Mechanism. Through the platform, debtors can - for the first time - settle in total, completely out of court and in up to 240 installments, all their debts to the State and Social Security Institutions. For debts to banks and loan managers, they can be settled in up to 420 installments. In addition, unlike the previous out-of-court mechanism, which only concerned businesses, the new mechanism concerns both natural and legal persons. It is also clarified that special provision has been taken, so that through the out-of-court mechanism, there is the possibility of regulating loans for which the guarantee of the Greek State has been provided. By settling all the debts, the following is achieved:

  • 1st Suspension of enforcement proceedings, such as payment orders, seizures of bank accounts, as well as commitments and auctions on the debtor's movable and immovable property, including the 1st residence, as well as the professional housing.

  • 2nd Repayment of debts to the State (AADE, OTA, etc.) and the Social Security Institutions (EFKA, KEAO, etc.) in a period of up to 20 years. For the first time in Greece, repayment is provided in up to 240 installments, ie in twice the number of installments than previously planned. A number that can reach up to 420 installments, for debts to financial institutions.

  • 3rd Write-off of part of the debt, under the conditions and criteria set by the current institutional framework. In addition, the Government, showing a sense of social justice, grants to vulnerable households a subsidy of the installment of loans with mortgage / promissory note in the 1st house, amounting to 210 euros per month (depending on the composition of the household) for 5 years. While, in the new mechanism, special safety valves have been integrated, so that there is no abuse of favorable regulations by strategic defaulters.

With the launch of the out-of-court debt settlement mechanism, the implementation of Law 4738/2020 on "Debt Settlement and the Provision of a Second Chance" is successfully completed and our country is harmonized with the European Institutional Framework (ie, European Directive 1023/2019) . A Law that proves in practice that the Government tackles decisively, in terms of social justice and economic efficiency, the great economic and social problem of household over-indebtedness. At the same time, it ensures that the necessary payment culture is maintained.

The Minister of Finance, Mr. Christos Staikouras, stated: "From today, citizens can settle their debts to the State in up to 240 installments - twice as many as in the past - and to the Banks in up to 420 installments. At the same time, for debts to the State, the possibility of writing off up to 75% on the basic debt and up to 95% on the surcharges is provided, subject to conditions and based on specific criteria. While, the vulnerable households that will settle their debts, receive a 5-year state subsidy of the installment of the 1st home loans.

With these favorable arrangements, the Government actively and effectively supports households and businesses, in order to protect their property, both the first home and the professional housing. At the same time, we have set up the necessary institutional framework so that creditors comply with specific rules, citizens are aware of their rights and obligations and the out-of-court debt settlement process is conducted in full transparency, social sensitivity and economic efficiency.

And, of course, we continue to reward consistency, as we did with the "BRIDGE" program, by providing state subsidies for first home loans to knowledgeable vulnerable borrowers. "

The Special Secretary Allocate to Special Debt Mr. Fotis Kourmousis vacancy: The out-of-court platform method produces during claims, claim the value of the property and the disposable income, after the appearance of the appropriate and inelastic costs, the debtor, the beneficiaries and its applications.

We invite all debtors - employees, freelancers, entrepreneurs, retirees, etc. - regardless of the type of debt (eg overdue debts to the State, loans guaranteed by the Greek State, etc.) and regardless of the age of the debt, whether it is debts created during the health crisis or debts that existed before, to submit from today a debt settlement application and thus to solve the problem of these obligations and to avoid taking measures against them by the creditors ".

The following is useful information regarding debt settlement procedures: Debt settlement procedures are carried out through the electronic platform of the new out-of-court mechanism designed and developed by the Special Secretariat for Private Debt Management of the Ministry of Finance, in collaboration with the General Secretariat for Digital Governance and the Office of Public Administration and Information. , from which it is constantly supported and hosted in its infrastructure. In summary, the process of settling debts of households and businesses includes the following stages:

  1. Application application on the careful platform ( or

  2. Removal of his / her spouse's apprentice, required issue, co-borrowers and stitches (show) and pumping personally and personally.

  3. Options carefully skewers eligibility and executions and intersections, with the equipment of image fillers.

  4. Production, from the platform, of an automated debt settlement proposal, based on an algorithm with specific financial rules / parameters (eg liquidation value, repayment capacity).

  5. Voting on the debt settlement proposal by creditors. If the majority of creditors agree, then the proposal is sent to the debtor.

  6. Evaluation of a proposed agreement by the debtor.

  7. Signing of a debt restructuring agreement between a debtor and creditors.

A detailed guide for using the platform, as well as frequently asked questions-answers about the out-of-court debt settlement mechanism are available on the EGDIX website ( It is reminded that from March 1, companies, as well as natural persons with business activity (ie, freelancers - entrepreneurs), can settle all their debts, following the consolidation process ( gr / ryumish_ofeilvn_ejygiansh /), following the judicial ratification of the agreement of the majority of creditors.

Households and businesses that wish to receive further information on the institutional framework and debt management options, can contact one of the 50 Centers and Offices of Borrowers Information and Support that operate nationwide, by appointment.5 on phone 307. 213.2.


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