The company Brain Development Ltd. in this context, undertakes the process of debt settlement. For your immediate service, contact the phones: 2421313990 and 2421313967 and the address K. Kartali 1 in Volos, as well as the phone number 2427021773, Arkos Building in Skiathos.
From tomorrow, June 1, companies, freelancers and individuals can, through out-of-court debt settlement, settle debts to the State, banks, insurance funds, local authorities, but also to third party creditors in up to 240 installments and under conditions for secured loans of individuals in up to 420 installments, even with debt cuts of up to 80%.
Specifically, the opportunity is given debt repayment , not only old, but also new, < strong> up to 420 installments , in order to enter into an arrangement in past debts that torment the vulnerable groups.
In case of debts to the banks, the repayment installments can reach up to 250 .
Debts that are not yet in arrears can be included in the process, as long as the debtors have a proven difficulty in repaying them, provided that they have suffered a reduction in their income by at least 20%.
In any case, the condition is that these debts exceed 10,000 euros and are not due to a single institution by 90%, but to at least two creditors.
The out-of-court settlement procedure concerns individuals and companies with an income of 700,000 euros and less and is carried out automatically by the electronic platform of the new Bankruptcy Law, through which the relevant regulation is produced, without requiring human involvement and / or approval of any public official. and Social Security Institutions, in accordance with the provisions of the Law.
What the regulation provides:
- Haircut up to 80%
There is a write-off of debts to the State, banks and loan managers on the condition of full repayment of the amount that will result from the settlement of debts .
- Who is entitled to 180, 240 and 420 installments
– The maximum number of installments for debt settlement to the State and Social Security Institutions is 240 .
-In case the solution offered by the financial institutions results from the counter-proposal of the creditors, a maximum limit of 420 installments is provided for secured loans of individuals, 240 installments for unsecured loans of natural persons and secured loans of legal entities and 180 installments for unsecured loans legal entities.
For VAT debtors, the financial institutions have a maximum age of 85 years, based on which the number of installments is reduced, unless a younger guarantor is contracted.
- Dose – interest rates with algorithm
The debtor can not choose the number of installments he wants, as the installments are automatically generated by a special algorithm, which evaluates the debtor’s financial situation, income and property.
Debt settlement with the State and the Social Security Institutions is charged with an interest rate equal to the quarterly euribor, increased by 5% , which is calculated annually. In terms of debt settlement with financial institutions (banks) it is charged with an interest rate equal to euribor / libor quarter / month, increased by euribor / libor for secured debts and 4.5% for unsecured debts .
- The minimum obligation of the debtor
– The debtor must pay at least the liquidation value of all his property (regardless of whether this amount is covered by his declared income).
-For real estate, the liquidation value is determined as the maximum between the taxable value and the commercial value reduced by 3% , due to the costs of the liquidation process.
-For movable assets, the liquidation value is the same as the commercial value. This means that if the liquidation value of the debtor’s assets exceeds the amount owed, then there is no debt write-off . law, a debt is written off.
- Who is excluded
If the debtor owes only to one bank or one creditor can not join the scheme . However, if he owes 2 creditors, then he can be subject to the out-of-court settlement procedure.
- Suspension of enforcement measures
From the filing of the file until the issuance of the decision, there is automatic suspension of individual and collective enforcement measures of claims that have been “born” until the issuance of the decision. Therefore, filing / adjudication of lawsuits or simple service of a payment order is allowed.
There is a suspension of the possibility of taking precautionary measures (seizure, pre-notation, removal or movement of movable property of the company), prohibition of disposal of real estate and equipment of the debtor’s company.
There is a suspension of deadlines and limitation of creditors’ claims, as well as the rights of guarantors and co-debtors. This suspension does not include the auction scheduled for 3 months from the date of submission of the application by the debtor, as well as any procedural action in preparation for the auction by a guaranteed creditor.
The first step is to complete the application. The interested party accepts removal of the privacy of his personal data. This is followed by the collection of tax data and the request to send the bank data. After the contact details are entered and the family members are finalized, all the details are completed and the application is notified to all creditors for verification of the details.
- Apply Evaluation
The following is the evaluation of the application by financial institutions (banks) with an overview of the proposal by creditors and participation in voting and production of voting result.
- Criteria check and dose certification
The debtor enters the platform and accepts or rejects the agreement, while requesting mediation in the second case.
Finally, the consent of the State is presumed if the criteria are met and a contract with the State follows with a check of subsidy criteria and loan installment certification.