The Extrajudicial Debt Settlement Mechanism: A Holistic Solution for Debtors
The Extrajudicial Debt Settlement Mechanism is a powerful tool for debt settlement, offering a comprehensive and sustainable solution for individuals, businesses, freelancers and private law legal entities. Through this mechanism, debtors have the opportunity to deal with all their debts in an automated and efficient manner, avoiding unpleasant legal proceedings.
With the recent improvements that have been implemented, debtors who join the mechanism benefit from even more advantages. Among other things, a reduction of up to 28% of debts is offered, combined with a fixed interest rate of 3% for three years. These improvements make the mechanism even more accessible and effective for debtors.
Particular attention is paid to vulnerable debtors, defining automatic and mandatory acceptance of their debt restructuring proposal by banks and the State. This gives vulnerable debtors the security that they will receive the necessary support to address their financial challenges.
HOW DOES THE APPLICATION MADE ?
Through the electronic platform of the Extrajudicial Debt Settlement Mechanism, the application process is simple and easy, with debtors being able to benefit from the advantages of the mechanism through a simple process.
Business Best is a reliable company that can assist debtors in the context of the Extrajudicial Debt Settlement Mechanism. Through its expertise and specialization in the field of financial management, Business Best can provide full support and advice to debtors who wish to join the mechanism.
We plan together your path to success
WHAT BENEFITS DO I HAVE FROM THE REGULATION?
By joining the mechanism, debtors enjoy advantages such as the suspension of individual and collective enforcement measures and the adjustment of loans guaranteed by the Greek State. In addition, the possibility of principal and interest write-off, debt reduction and partial write-off are offered.
All debtors with debts exceeding 10,000 euros are eligible to join the mechanism.
The Extrajudicial Debt Settlement Mechanism is a key solution for addressing financial challenges, offering debtors the opportunity to regain their financial well-being with simplicity and efficiency.
Through its specialized consultants, Business Best can handle the processing of the required documents and the application process via the electronic platform. In addition, the company can provide specialized advice on the rights and obligations of debtors during the process.
We identify the problems together, propose solutions and help you implement the changes.