Best Restructuring & Insolvency Lawyers in Mytilene
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List of the best lawyers in Mytilene, Greece
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Greece Restructuring & Insolvency Legal Questions answered by Lawyers
Browse our 3 legal questions about Restructuring & Insolvency in Greece and read the lawyer answers, or ask your own questions for free.
- Can I suspend an upcoming electronic auction of my primary residence by applying to the out-of-court workout mechanism in Greece?
- My primary home in Thessaloniki has been scheduled for an online bank auction next month due to accumulated mortgage and tax debts. I recently submitted an application to the special electronic debt settlement platform to negotiate a restructuring plan. Does submitting this application automatically stop the auction proceeding, or do... Read more →
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Lawyer answer by Tzoumaili Legal Services
Submitting an application to the Greek out-of-court debt settlement mechanism does not necessarily suspend an already scheduled auction. Under the current legal framework, although the final submission of an application may temporarily suspend certain enforcement measures, this protection does not...
Read full answer - Can my small business in Greece use the out-of-court workout mechanism to restructure bank loans and tax debts?
- Our family-owned hotel business in Crete is facing major cash flow issues and we have fallen behind on bank loans and tax authority payments. We heard about the electronic out-of-court debt restructuring platform in Greece but are unsure if our business qualifies or if creditors can force liquidation while we... Read more →
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Lawyer answer by Tzoumaili Legal Services
Μια μικρή ή οικογενειακή ξενοδοχειακή επιχείρηση στην Ελλάδα μπορεί, υπό προϋποθέσεις, να υπαχθεί στον Εξωδικαστικό Μηχανισμό Ρύθμισης Οφειλών του Ν. 4738/2020, προκειμένου να ρυθμίσει συνολικά οφειλές προς τράπεζες ή εταιρείες διαχείρισης απαιτήσεων (servicers), την ΑΑΔΕ και τους ασφαλιστικούς φορείς. Μέσω...
Read full answer - Can Greek banks seize my primary residence if I apply for the extrajudicial debt settlement mechanism?
- My small family business in [location removed] is facing severe liquidity issues and I am struggling to pay my business loans. I want to apply for the Greek Extrajudicial Debt Settlement mechanism to restructure my debts. However, I am terrified that the banks will foreclose on my primary residence while... Read more →
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Lawyer answer by Tzoumaili Legal Services
Η υποβολή αιτησης στον Εξωδικαστικό Μηχανίσμό δεν σημαίνει αυτομάτως ότι η κύρια κατοικία προστατεύεται από κάθε μέτρο αναγκαστικής εκτέλεσης. Η προστασία εξαρτάται από το στάδιο διαδικα;σίας, τις ενέργειες των πιστωτών και τα ιδιαίτερα χαρακτηριστικά της καθε υπόθεσης.
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Greece Restructuring & Insolvency Legal Articles
Browse our 3 legal articles about Restructuring & Insolvency in Greece written by expert lawyers.
- Protect Greek Subsidiary Assets in Cross-Border Insolvency
- Protecting Greek Subsidiary Assets in Cross-Border Insolvency When an international parent company faces financial distress, its foreign subsidiaries are immediately placed in the line of fire. In Greece, managing the restructuring of a local subsidiary requires a highly coordinated strategy to navigate a rigid regulatory environment. Failing to act quickly... Read more →
- Settle Debt with the Greek Out-of-Court Workout Mechanism
- The Out-of-Court Workout (OCW) is a digital platform designed to restructure debts exceeding €10,000 owed to the Greek State, social security funds, and financial institutions. Eligible businesses can secure up to 240 monthly installments for debts to the State and up to 420 installments for debts to banks and systemic... Read more →
- How to Use the Greek Out-of-Court Workout for Business
- The Out-of-Court Workout (OCW) is a purely digital process conducted through a specialized platform to settle debts with banks, the State, and social security funds. Successful applications grant a 90-day suspension of enforcement measures, including asset seizures and property auctions. Debt repayment can be extended up to 240 installments for... Read more →
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