In an attempt to get more debtors out of the deadlock, the government is promoting new arrangements for private debts, including expansion of the extrajudicial and also release under bank accounts.
In particular, first of all, the perimeter of the extrajudicial is widened and the right to join will have those who have debts ranging from EUR 5,000 to EUR 10,000. Arrangement covering about 300,000 debtors.
The new arrangement will offer more adjusted repayment terms, a fixed interest rate of around 3% for a given period and, subject to conditions, even partial debt write-off, interest or increases.
A measure, which is estimated to give time to those who really have an economic weakness in fulfilling their obligations.
Bank accounts
At the same time as the extension of the perimeter of the extrajudicial mechanism, the possibility of lifting the seizure of the bank account is initiated.
How will the bank accounts be unblocked? In the first phase the debtor should pay a minimum of 25% of the debt and then proceed with a balance adjustment to the tax administration. This will give him an opportunity to regain access to his account.
This possibility of lifting the seizure is given once and is an effort to ensure that a necessary part of the revenue of businesses, freelancers, citizens remains available to meet their basic operational needs.
To this end, there will be a mandated provision by the ADE for the precise operation of this mechanism.
72 doses
At the same time, since June, there has been the possibility of joining a 72-dose adjustment of unregulated old debts. A 72-dose adjustment is allowed for debts that have become due until 31/12/2023 and are not subject to regulation on 21 April 2026, or yesterday.
A condition for inclusion is either the repayment or the settlement of any debts that have become due after 2023 through the fixed arrangement.
Source: ot.gr
