{"id":4270,"date":"2026-05-06T14:45:00","date_gmt":"2026-05-06T11:45:00","guid":{"rendered":"https:\/\/en.tomanifesto.gr\/?p=4270"},"modified":"2026-05-06T14:45:00","modified_gmt":"2026-05-06T11:45:00","slug":"out-of-court-mechanism-51-increase-in-settlements-in-april","status":"publish","type":"post","link":"https:\/\/en.tomanifesto.gr\/?p=4270","title":{"rendered":"Out-of-court mechanism: 51% increase in settlements in April"},"content":{"rendered":"

A high number of settlements was recorded in April in the extrajudicial mechanism.<\/b><\/p>\n

The extrajudicial mechanism continues to make steady progress, as in April<\/b> 2,172 new settlements were achieved<\/b>, amounting to initial debts of \u20ac588 million<\/b>. Compared to the corresponding April last year, there was an increase in the number of 51%<\/b> arrangements. <\/b>This significant rise is mainly due to legislative initiatives and the expanded criteria for inclusion<\/b> in the extrajudicial mechanism, now enabling more of our fellow citizens to regulate their their debts and protect their property.<\/p>\n

Since the launch of the extralegal mechanism platform, 60,388 arrangements have been successfully completed to date, corresponding to initial debts of \u20ac18.64 billion. <\/b>This result reflects the ever-increasing confidence of citizens in the institution.<\/p>\n

Bilateral arrangements with financial institutions<\/h3>\n

Bilateral loan arrangements with the 4 largest Servicers (Intrum, Cepal, DoValue, Qquant) continue with positive momentum.<\/b> In the month of March 2026, arrangements totalling \u20ac290 million were recorded, attributable to 3,252 debtors.<\/p>\n

New targeted measures for broader protection for households and businesses<\/h3>\n

Significant legislative improvements to the framework for managing private debt are being promoted by the Ministry of National Economy and Finance, through the General Secretariat for Financial Sector and Private Debt Management, with an emphasis on the protection of the first home, the sustainable regulation of debts and the reintegration of citizens and businesses into economic activity.<\/p>\n

In particular, the main pillars of the new measures are summarized as follows:<\/p>\n

1. New possibility of separation of first homes in the extrajudicial mechanism: <\/b>for the first time, debtors applying for a settlement on the out-of-court mechanism platform will be able to separate their primary residence from their other property. By opting for the protection of the primary residence, the amount of the “haircut” and the monthly instalments will be calculated solely on the basis of the value of the debtor’s home and income, rather than on the basis of the debtor’s total assets, leading to significantly improved terms of arrangement. The option of retaining the main residence while liquidating other assets to repay debts through electronic auction is an essential “second chance” for debtors.<\/p>\n

2. Expansion of the out-of-court mechanism: <\/b>the inclusion threshold is reduced from \u20ac10,000 to \u20ac5,000, facilitating access to a significant number of debtors, potentially up to 1 million.<\/p>\n

3. Removal of bank account seizure:<\/b> by restoring access to the banking system, the possibility of releasing an account is provided if the debtor has paid at least 25% of the debt and settled the remaining amount.<\/p>\n

4. New regulation up to 72 instalments:<\/b>concerns old debts created until the end of 2023 and is addressed to more than 1.5 million natural and legal persons.<\/p>\n

These interventions aim at a socially targeted and economically viable protection for those who are in real need and seek the regulation of their debts, without creating injustices against prudent citizens.<\/p>\n

Citizens’ Service – myEGDIXlive<\/h3>\n

Finally, it is recalled that, with a view to making more effective use of the available debt settlement tools, the General Secretariat of the Financial Sector and Private Debt Management provides nationwide service by video call or by telephone, by appointment, through the https:\/\/www.gov.gr\/ipiresies\/p… or by calling 213.212.5730.<\/p>\n","protected":false},"excerpt":{"rendered":"

A high number of settlements was recorded in April in the out-of-court mechanism.The out-of-court mechanism continues to progress steadily, as the number of settlements …<\/p>\n","protected":false},"author":1,"featured_media":4271,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[7],"tags":[],"class_list":["post-4270","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy"],"acf":[],"_links":{"self":[{"href":"https:\/\/en.tomanifesto.gr\/index.php?rest_route=\/wp\/v2\/posts\/4270","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/en.tomanifesto.gr\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/en.tomanifesto.gr\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/en.tomanifesto.gr\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/en.tomanifesto.gr\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4270"}],"version-history":[{"count":0,"href":"https:\/\/en.tomanifesto.gr\/index.php?rest_route=\/wp\/v2\/posts\/4270\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/en.tomanifesto.gr\/index.php?rest_route=\/wp\/v2\/media\/4271"}],"wp:attachment":[{"href":"https:\/\/en.tomanifesto.gr\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4270"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/en.tomanifesto.gr\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4270"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/en.tomanifesto.gr\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4270"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}