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  • 213 02 47 360
  • Email: info@consultingbridge.gr

Out-of-court Debt Settlement Mechanism

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213 02 47 360

Out-of-court Debt Settlement Mechanism

The Consulting Bridge team, consisting of specialized financial and legal advisors, undertakes the study of your file and the inclusion of individuals, professionals and businesses in the Extrajudicial Debt Settlement Mechanism for debts to banks, the State and insurance institutions.

Our goal is to find viable solutions, with a significant reduction in overall debt and a realistic repayment plan, without recourse to the courts.

Data evaluation

Careful collection and classification of all financial, property, and other information is a crucial step in the proper preparation and thorough review of the file, which is a basic prerequisite before submitting an application for inclusion in the Out-of-Court Debt Settlement Mechanism.

Legal support

Highly specialized legal department Consulting Bridge undertakes the full legal management of the procedure, submitting the application to the Out-of-Court Debt Settlement Mechanism electronically, ensuring its correct and timely completion through the special online platform. At the same time, it systematically monitors the progress of the application, intervening with all the necessary corrective or additional actions where necessary, with the aim of achieving the best possible debt adjustment.

Consulting Bridge undertakes the compilation and the thorough study of all available financial and legal data, in order to ensure that the submission of the application to join the Out-of-Court Debt Settlement Mechanism ensures the maximum possible result of cancellation and settlement of the total obligations to the State, the Banks and the Funds.

Indicative benefits of regulation

  • Write-off of up to 75% on the principal debt owed to the State.
  • Write-off of up to 85% on surcharges on overdue debts to AADE and e-EFKA.
  • Write-off of up to 95% on fines imposed by the Independent Authority for Public Revenue (AADE).
  • Write-off of up to 80% on the principal debt, as well as up to 100% on interest owed to banks and loan administrators.

Installments and repayment period

  • Up to 240 installments for overdue debts to the State and Social Security Institutions.
  • Non-performing loans to banks and funds may be settled in 420 doses for debts of natural persons that are covered in whole or in part by special privileges. In 240 installments for debts of natural persons without special privileges and for debts of legal persons covered in whole or in part by special privileges and in 180 installments for debts of legal entities that are not covered by special privileges.

Why choose us?

Compilation and study of files

Our team gathers all the necessary information and conducts a thorough review of the file, ensuring that the application for inclusion in the Out-of-Court Debt Settlement Mechanism is complete and accurate.

We place particular emphasis on comprehensive preparation and proper submission of the application in order to maximize the chances of approval.

The legal advisor systematically monitors the process of evaluation and completion of the application, checking compliance with the current institutional framework and the completeness of the supporting documents, intervening with the necessary corrective actions where required, until the final decision is issued.

We keep you constantly informed about every stage of your application, with regular updates on its progress, the actions taken, and the next steps until its final completion.