Out-of-Court Debt Settlement

What is the matter for which you are seeking an immediate (legal) solution from us?

Having overdue debts can create significant financial pressure and make it difficult to meet daily obligations. However, accumulating debt does not mean there are no available solutions. The New Bankruptcy Code (Law 4738/2020) allows individuals and legal entities to seek a structured solution for settling their debts to financial institutions, the State, and social security agencies through an out-of-court mechanism.

What you need to know about the services we provide:

The out-of-court mechanism is a statutory framework for debt settlement through which, subject to the conditions set forth by law, the debtor’s obligations can be restructured and a sustainable repayment plan can be established. Reaching an agreement with creditors can lead to debt settlement and, under the current framework, to the suspension of specific enforcement measures, enabling the debtor to address their obligations with greater security and predictability.

Our law firm provides comprehensive and thorough legal support at every stage of out-of-court debt settlement, handling the assessment of eligibility, preparing and submitting the application, as well as actively monitoring the process until its completion. It should be noted that one of our associates exclusively and continuously monitors each application, keeping you updated on any changes in real time. Each case is examined on an individual basis, with the aim of making the most of the opportunities provided by current legislation and effectively settling the debts.