Next week the new bill on out -of -court mechanismin which the middle classThe new Minister of Finance, Kyriakos Pierrakakis, announced yesterday (27.3.2025). The course of the out -of -court mechanism is at the heart of distance discussions with the technical steps of the institutions and the leaders who will follow next Tuesday, April 1st.
The middle class enters the “umbrella” of the out -of -court mechanism following the recent government regulations (under Kostis Hatzidakis ministry) to double income, asset and deposit boundaries.
Indicatively, a household, consisting of two members with a total debt of EUR 65,000 and its annual income amounts to 17,000 euros, with previous income limits at EUR 10,500, did not meet the conditions of the vulnerable and could not proceed with favorable arrangements. With the new income limits, now amounting to € 21,000, the same household meets the new eligibility requirements and, if joined into the out -of -court mechanism, creditors will not be able to reject the debt settlement.
In another case, a single parent family with a minor member, an annual income of 24,000 euros and a total debt to funding entities of 223,000 euros, did not meet the previous income of 14,000 euros, so that it could not receive a vulnerable certificate and rejected by creditors. Now, with the new € 28,000 threshold, it meets the conditions and if it is incorporated into the out -of -court mechanism, creditors cannot refuse regulation.
In addition, the property of this household is EUR 210,000 and the previous property limit of 150,000 euros was also a reason for non -eligibility for a vulnerable certificate and out -of -court regulation. With the new property limits at 300,000 euros, the eligibility criteria are now fulfilled.
If in the same example of a household, it is assumed that it also had debts to the tax administration of EUR 100,000, it will still be eligible, as the € 300,000 threshold for financial institutions meets, even if the total amount of its debts (ie, including the debts to the State) exceeds EUR 300,000.
It is noted that the income thresholds with the so -called vulnerability regime are € 7,000 to € 21,000 depending on the composition of the household, and the assets are from 120,000 to 180,000 euros, respectively. Now, income criteria rise to 14,000 to 42,000 euros and assets to 240,000 to 360,000 euros.