In a case handled by our office, in the context of submitting an application to the platform of the extrajudicial debt settlement mechanism in accordance with the provisions of articles 5-30 of Law 4738/2020, the restructuring proposal achieved included the cancellation of debts amounting to 188,671.01 euros (42% of of total debt), i.e. more than 1/3 of the total debt. The extrajudicial mechanism is one [...]READ MORE
The Athens Magistrate's Court with the no. 942/2022 Decision of, on a case successfully handled by our office, canceled the Payment Order by which the objectors were ordered to pay the amount of 16,250.44 euros plus interest and costs for a claim arising from a consumer loan contract, thus stopping the process forced execution. The interrupters [...]READ MORE
The new bankruptcy framework for over-indebted legal and natural persons is underway, with the vast majority of borrowers remaining completely unprotected unless they …. liquidate all their assets. Therefore, in the absence of a protective legislative framework, a storm of auctions and foreclosures is coming in the near future with the debtor-borrower in a defensive role trying to [...]READ MORE
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