About Debt & Collection Law in Athens, Greece
Debt and collection laws in Athens, Greece are designed to regulate the process by which creditors and agencies collect debts from individuals and businesses. These laws provide the guidelines for lawful pursuit of debt collection including how and when a creditor can contact a debtor, and how one may lawfully collect a debt.
Why You May Need a Lawyer
Engaging a lawyer can be beneficial for both creditors and debtors. Creditors often need a lawyer to efficiently collect a debt or implement a legal action, while a debtor may require legal representation when dealing with an aggressive collection agency or in cases of bankruptcy. Lawyers can also help in understanding the complex debt and collection laws and advise on potential legal strategies.
Local Laws Overview
The Bankruptcy Code in Greece underwent an overhaul in 2007, which brought numerous changes to the previous legal framework. A major change included the addition of procedures to help companies avoid going bankrupt, such as the ability to apply for a protective order to get legal protection from their creditors while they plan for a restructuring.
Moreover, Greek law protects consumers from abusive and predatory debt collection practices. It stipulates that the debtor should always be treated with respect, cannot be contacted at inconvenient times, and has the right to dispute the claimed debt.
Frequently Asked Questions
What can I do if a collection agency is harassing me?
In Greece, certain laws protect consumers from unfair debt collection practices. If a collection agency is using abusive or deceptive tactics, a legal professional can offer advice on how to stop these practices and might also help in filing a complaint against the agency.
What happens if I can't pay my debts?
If you're finding it difficult to pay your debt, you can apply for bankruptcy. However, it should be viewed as a last resort as it can have serious and long-term effects on your financial situation. Legal advice can be crucial in assessing your options.
Can I negotiate with my creditors?
Yes, you can negotiate with your creditors to come up with a feasible repayment plan. An attorney can guide you on how to negotiate with your creditors most effectively.
Are there any exceptions to debt obligations?
Yes, Greek law provides for several debt exceptions, particularly in cases of bankruptcy. However, these exceptions are critically dependent on the specifics of the case. Therefore, advice from an attorney can be instrumental in understanding these exceptions.
What if I'm being sued for a debt?
If a creditor sues you for a debt, you should immediately seek legal help. You have a limited time to answer a lawsuit, and if you don't answer in time, the court may rule in favor of the creditor. A lawyer can guide you on how to respond to the lawsuit and propose possible legal strategies.
Additional Resources
Additional resources can be found at the official website of the Hellenic Consumer's Ombudsman and the Ministry of Development and Investments. These websites provide useful information about consumer rights, changes in bankruptcy procedures, and general guidance about debt and collection procedures in Greece.
Next Steps
If you need legal advice on debts and collection in Athens, Greece, the first thing you should do is finding an experienced local lawyer. They will inform you on the specifics of Greek law, help you understand your rights and liabilities, and guide you through the process. Contact your local Bar Association for a list of recommended attorneys.
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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.
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