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Homeout of court

out of court

Out-of-court mechanism: 73% increase in November debt settlements
News

Out-of-court mechanism: 73% increase in November debt settlements

10 December 2024 Editors

  Successful settlements within the framework of the out-of-court debt settlement mechanism reached a historic high in November. Successful debt…

Out-of-court procedure: New record with €500 mln in July settlements
News

Out-of-court procedure: New record with €500 mln in July settlements

6 August 2024 Editors

The upward trend in the out-of-court mechanism continued, leading to a new record of 1,952 settlements for July, corresponding to…

Most out-of-court debt restructurings come from Intrum
Featured

Most out-of-court debt restructurings come from Intrum

17 June 2024 Editors

With an 89% approval rate for debt restructurings, Intrum Hellas ranks first in debt settlements made in the month of…

Record high hit in out-of-court restructurings for January
Featured

Record high hit in out-of-court restructurings for January

6 February 2024 Editors

A new record high was recorded in January with the launch of the new applications on the out-of-court debt settlement…

Out-of-court process include debts from closed businesses
Highlights

Out-of-court process include debts from closed businesses

29 January 2024 Editors

Debt haircuts can reach up to 28% on loans with collateral, according to a Joint Ministerial decision that has been…

Out-of-court: Fixed interest rate at 3% for three years – The new improvements
News

Out-of-court: Fixed interest rate at 3% for three years – The new improvements

20 October 2023 Editors

A series of improvements to the out-of-court mechanism, in order to make it more attractive for debtors, are foreseen in…

Out-of-court: Debts of 2.97 billion restructured in 7,948 settlements
Featured

Out-of-court: Debts of 2.97 billion restructured in 7,948 settlements

11 September 2023 Phil Karametos

The amount of initial debts settled during the month of August reached a higher level compared to the previous month,…

Half of borrowers struggle with restructured debt from out of court process
Featured

Half of borrowers struggle with restructured debt from out of court process

17 January 2023 Editors

Concerns among bank and loan servicer officials are rising as one in two debtors who restructured debt via the out…

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