Out-of-court debt restructuring
The Greek out-of-court mechanism offers a structured framework for restructuring eligible debts. Accurate financial information and careful evaluation of any proposal are essential.
Who can apply?
Debtors with obligations to banks, other financial creditors, the Greek State or social security bodies, subject to the applicable eligibility conditions.
Required information
Debt statements, tax returns, assets, income, expenses and any pending proceedings.
Why seek legal advice?
A lawyer can assess eligibility, the proposed terms and available alternatives before any binding acceptance.
The submission of information does not automatically constitute acceptance of a legal mandate. Legal assessment is performed by a lawyer.