Best Bankruptcy & Debt Lawyers in Pátrai

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APA Law Firm

APA Law Firm

Pátrai, Greece

Founded in 2000
50 people in their team
Greek
English
FoundersAndreas E. AlexopoulosGeorge Ch. PapasotiriouLawyersMarios A. Alexopoulos  John G. Papasotiriou  Aphrodite K. Georgopoulou  Mariota Angelopoulou  Trainee LawyersGeorgia Plota  Areas of PracticeMaritime and Transport lawCivil and Commercial LitigationBanking and...
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Greece Bankruptcy & Debt Legal Questions answered by Lawyers

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Legal assistance to communicate on behalf of a debtor with Debt Collection Agency in Athens, Greece
Bankruptcy & Debt
Debt & Collection
ReI am from North Macedonia neighbor country of Greece, I can give you legal assistance to communicate with them.If you want you can text me in detail on viber 0038970704335 or message me via mail: [email protected],Svetislav StojanoskiAttorney at law 

About Bankruptcy & Debt Law in Pátrai, Greece

Bankruptcy and Debt Law in Pátrai, Greece comprises legalities surrounding the financial distress of individuals or corporations. The Greek bankruptcy law follows the European Union Insolvency Regulation, providing a legal process by which individuals or companies can seek relief from their debts. In recent years, Greece has taken steps to improve its insolvency framework such as expanding the ability of individuals to discharge their debts in some cases.

Why You May Need a Lawyer

Understanding how bankruptcy and debt law operates can be a complex process. If you want to file for bankruptcy, struggle with debt management or have creditors pursuing you for unpaid debts, having professional legal assistance can be a game-changer. A lawyer can help you understand your rights, present the appropriate documents, support with litigation and advise on financial restructuring or debt settlements. Additionally, a lawyer can guide you through the updated laws and ensure you are protected throughout the process.

Local Laws Overview

Local laws in Pátrai follow the broader Greek and EU regulations regarding bankruptcy and debt. Major aspects include the 'Bankruptcy Code', which outlines processes for business bankruptcy, restructuring and liquidation. Under Greek law, businesses can file for bankruptcy if they can't meet their financial obligations. There are also provisions for 'Individual Rehabilitation', a process akin to personal bankruptcy, that enables eligible individuals to resolve their debts.

Frequently Asked Questions

1. Can all debts be cleared by declaring bankruptcy in Greece?

Not all debts can be cleared by declaring bankruptcy. Unsecured debts can usually be cleared, but secured debts, such as mortgages, student loans, taxes, and court-ordered payments, may not be clearable through bankruptcy.

2. How does declaring bankruptcy affect my credit?

Declaring bankruptcy will severeley impact your credit score and can appear on your credit report for up to 10 years, making it significantly more difficult to borrow money in the future.

3. How long does the bankruptcy process take?

The duration varies depending on the complexity of the case but generally it takes a few months to a couple of years.

4. Can a business continue to operate after filing for bankruptcy?

Yes, depending on the type of bankruptcy filed, a business can continue operations, often under the supervision of a court-appointed administrator.

5. Can I file for bankruptcy more than once?

Yes, although there are certain time limits and conditions that apply.

Additional Resources

Familiarize with Greek laws on websites like PwC or EY Legal. For one-on-one assistance, consider visiting legal aid clinics, like the 'Dikegorikos Syllogos Patron' or reach out to government bodies such as the 'Ministry of Justice'. Debt counselling services may also be available through various non-profit organizations in Pátrai.

Next Steps

If you require further assistance with bankruptcy or debt-related matters in Pátrai, consult with a qualified professional. Consider obtaining a referral or conducting research to find an experienced attorney who specializes in Bankruptcy & Debt law. They can provide guidance on your situation according to current legal standards and help you navigate the process with confidence.

Lawzana helps you find the best lawyers and law firms in Pátrai through a curated and pre-screened list of qualified legal professionals. Our platform offers rankings and detailed profiles of attorneys and law firms, allowing you to compare based on practice areas, including Bankruptcy & Debt, experience, and client feedback. Each profile includes a description of the firm's areas of practice, client reviews, team members and partners, year of establishment, spoken languages, office locations, contact information, social media presence, and any published articles or resources. Most firms on our platform speak English and are experienced in both local and international legal matters. Get a quote from top-rated law firms in Pátrai, Greece—quickly, securely, and without unnecessary hassle.

Disclaimer:
The information provided on this page is for general informational purposes only and does not constitute legal advice. While we strive to ensure the accuracy and relevance of the content, legal information may change over time, and interpretations of the law can vary. You should always consult with a qualified legal professional for advice specific to your situation. We disclaim all liability for actions taken or not taken based on the content of this page. If you believe any information is incorrect or outdated, please contact us, and we will review and update it where appropriate.