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 9013.09 euros (27% of of total debt), i.e. more than 1/4 of the total debt. The extrajudicial mechanism is one [...]READ MORE
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 Magistrate's Court of Veria with the no. 135/2022 Decision of, on a case handled by our office, accepted the petition to declare bankruptcy of a small object of our principal, a natural person without commercial status. The Court accepted that the applicant meets the criteria for determining the "very small entity" of Article 2 of Law 4308/2014, but also due to [...]READ MORE
The Single-member Court of First Instance of Thessaloniki with case no. 8283/2022 His decision, on a case handled by our office, annulled the Payment Order and the Check for payment by which the objectors were ordered to pay the amount of 161,138.53 euros plus interest and costs for a claim arising from a housing loan contract thus stopping the process [...]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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