The Minister of Finance, Christos Staikouras, presented the results of the measure with the Special Secretary for Private Debt Management, but during his presentation he fired shots at the banks for the process of approving the regulation requests. “Despite efforts, there are 1,200 completed debt settlement requests pending with financial institutions, corresponding to over €1 […]
Tag: Extrajudicial mechanism
Chr. Staikouras: Creditors now have the success of the new bankruptcy
LAST UPDATE: 15.09 By Leonidas Stergiou The management of private debt is directly linked to the available income, according to the Minister of Finance, Mr. Christos Staikouras, who recalled that there have been total support measures of 50 billion euros and will continue to exist, in a targeted manner, to households and businesses, preventing the […]
The BEA requests a small extension of the extrajudicial platform
The Administration of the Athens Chamber of Commerce has sent a letter to the Minister of Finance, Christos Staikouras, requesting an extension to the operation of the “old” platform of the extrajudicial mechanism, which ends tomorrow, for all applications that are in the final stages of negotiation. In the letter it is pointed out that […]
Out-of-court settlements increase – What the May data show
Of Leonida Stergiou With about 1,500 new applications and at an increasing rate, the out-of-court mechanism of the new bankruptcy is progressing, where 52,000 cases have been collected seeking settlement, total debts of 18 billion (14 billion to banks and 4 billion to the State), according to the latest available data (May) submitted by the […]
Out-of-court settlements are increasing
Of Leonida Stergiou With about 1,500 new applications and at an increasing rate, the out-of-court mechanism of the new bankruptcy is progressing, where 52,000 cases have been collected seeking settlement, total debts of 18 billion (14 billion to banks and 4 billion to the State), according to the latest available data (May) submitted by the […]
Out-of-court settlements with a large debt cut
Of Leonida Stergiou With about 1,500 new applications and at an increasing rate, the out-of-court mechanism of the new bankruptcy is progressing. According to his information Capital.grthe total number of applications that are in the final stage of submission has approached 5,000, with the competent authorities promoting improvements in order to speed up the procedures […]
There is an increasing trend in applications for membership in the out-of-court mechanism
As of December, 4,451 applications have been submitted for inclusion in the extrajudicial mechanism, as Finance Minister Christos Staikouras said at a recent event of the Panhellenic Association of Accountants (PAELO), noting that there is an increasing trend in applications. This is stated in an announcement of the union for the event on: “The course […]
Red loans: The extrajudicial mechanism is unblocked
By Leonidas Stergiou Together with the 13th evaluation of the Greek economy by the institutions, the 6th progress report of the new bankruptcy that started last June was completed. While it started with thousands of applications pending, without any regulation proceeding until November, technical and informational interventions unblocked the system. In fact, according to information, […]
Call Center for Advisors of the New Out-of-Court Debt Settlement Mechanism
The launch of a special technical support service for the advisors of the new out-of-court debt settlement mechanism (Law 4738/2020), in order to facilitate their work, was announced by the Ministry of Finance, under the coordination of the Special Secretariat for Private Debt Management (EDIG). In particular, from tomorrow, 24/2/2022, out-of-court consultants (accountants, economists, lawyers, […]
The extrajudicial mechanism – The reasons
By Leonidas Stergiou The consensus button for the lifting of banking and tax secrecy is the cause of 30% of fruitless proceedings in the out-of-court phase of the new bankruptcy law. There is also a long delay in finalizing the application in order to send it to creditors for settlement. One reason is the wait […]