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Homeextrajudicial mechanism

extrajudicial mechanism

Extrajudicial Mechanism receives 25,000 applications Jan-April
News

Extrajudicial Mechanism receives 25,000 applications Jan-April

14 May 2024 Editors

25,190 new applications were submitted to the extrajudicial mechanism in the first four months of 2024 compared to 13,830 in…

Applications to new extrajudicial mechanism more than double
News

Applications to new extrajudicial mechanism more than double

11 March 2024 Editors

Debtors have submitted 7,360 new applications to new extrajudicial mechanism platform in February. The number is more than double the…

Changes in the extrajudicial mechanism in five Q and A’s
Featured

Changes in the extrajudicial mechanism in five Q and A’s

7 December 2023 Editors

Important changes that further improve the out-of-court mechanism, for the benefit of both the borrowers and the servicers themselves are…

Extrajudicial mechanism: Focus of servicers on debts up to 250,000 euros
Highlights

Extrajudicial mechanism: Focus of servicers on debts up to 250,000 euros

30 November 2023 Editors

Debt management companies are focusing on debtors holding loans of up to 250,000 euros who are seeking arrangements through the…

Extrajudicial mechanism: Restructured debts reach 3.2 bln euros
Featured

Extrajudicial mechanism: Restructured debts reach 3.2 bln euros

6 October 2023 Editors

Debts to be settled in the Extrajudicial Mechanism continued unabated during the month of September 2023, with the number of…

Extrajudicial mechanism: Debtor assessment deadlines in flood affected areas suspended
Featured

Extrajudicial mechanism: Debtor assessment deadlines in flood affected areas suspended

13 September 2023 Phil Karametos

In the areas affected by the floods, specifically in the regional units of Magnesia, Sporades, Larissa, Karditsa and Trikala, the…

Hatzidakis – Alambasis discuss improvements to extrajudicial system
Featured

Hatzidakis – Alambasis discuss improvements to extrajudicial system

5 September 2023 Christos N Konstas

Finance Minister Kostis Hatzidakis had a meeting with the General Secretary of the Financial Sector and Private Debt Management Theoni Alambasis yesterday in order to define a new framework for improvements for the extrajudicial mechanism.

Extrajudicial mechanism: 1 in 4 debtors reject proposals
Featured

Extrajudicial mechanism: 1 in 4 debtors reject proposals

15 August 2023 user 02

The rate of restructuring proposals rejected by debtors, within the framework of the out-of-court private debt restructuring mechanism, remains at…

Out of court mechanism: New all-time high for settlements in July
Featured

Out of court mechanism: New all-time high for settlements in July

7 August 2023 Editors

A new historic high was recorded in July by the extrajudicial mechanism. In particular, according to data from the General…

Improvements to be made to extrajudicial mechanism platform
Featured

Improvements to be made to extrajudicial mechanism platform

26 June 2023 Editors

Finance Ministry officials are launching improvements to the out-of-court mechanism in order to continuously increase the arrangements. In particular, sources…

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