Out-of-Court Debt Settlement Mechanism & Bankruptcy

Financial difficulties do not mean that there are no solutions. Our law firm provides comprehensive legal support to individuals, freelancers, and businesses to restructure or permanently resolve their debts, utilizing every tool provided by current legislation.

A) Out-of-Court Debt Settlement Mechanism
The Out-of-Court Mechanism is a modern tool that enables the restructuring of debts towards:
 Banks and asset management companies (servicers)
 The State
 Independent Authority for Public Revenue (AADE)
 Social Security Funds (EFKA)
 Other creditors

Through this process, it is possible to achieve:
 Debt restructuring in a high number of monthly installments
Significant reduction of monthly payments
Write-off of interests and penalties, where applicable
Suspension of enforcement measures (foreclosures/auctions), subject to legal requirements
Comprehensive management of the debtor's financial obligations

Our firm fully undertakes the process, from checking eligibility requirements to submitting the application, monitoring its progress, and finalizing the settlement.
 

Bankruptcy of Individuals and Businesses
When debt servicing becomes objectively impossible, the bankruptcy procedure can be the lawful solution to address over-indebtedness and restart economic activity.

We provide comprehensive legal guidance regarding:
 Investigating the prerequisites for declaring bankruptcy
 Preparing and filing the relevant petition
 Representation before the competent courts
 Protecting the debtor's rights
 The consequences of bankruptcy and the debt discharge process, according to the law

Each case is examined individually, aiming to secure the most favorable solution for our client.

Our Services Include
 Legal audit of your financial situation
 Eligibility check for the Out-of-Court Settlement Mechanism
 Preparation and submission of applications
 Negotiation with banks, servicers, and public entities
 Legal representation at all stages of the process
 Advisory support for bankruptcy and debt discharge

Contact us today to evaluate your case and propose the appropriate legal strategy for regulating or resolving your debts.