New opportunity for massive integration debtor up to 78% more, which income belongs to the middle class, to the settings of out -of -court mechanismoffer the relevant provisions to a bill of the Ministry of Finance (Ministry of Finance) submitted to Parliament yesterday (01.04.2025).
After the consultation of the bill, the Financial Staff introduces for processing to the relevant committees, the long -awaited provisions that double income, asset and deposit criteria for integration into the out -of -court regulations, thus opening the opportunity to join the integration of thousands of debtors.
At the same time, the creditor’s obligation to submit a written proposal to the debtor three months before the auction is instituted, while facilitating vulnerable borrowers to save their home even 20 days before its divestment, through integration into the intermediate program.
More specifically, the provisions stipulate that the income limits for joining the out -of -court regulations are as follows:
- For a one -person household from 7,000 euros to 14,000 euros
- For a household consisting of two members from 10,500 euros it is increased to 21,000 euros.
- For a household with three members or single -parent family with a minor member of 14,000 euros to 28,000 euros.
- For a four -member family or single parent family with two minor members, the income criterion is increased from 17,500 euros to 35,000 from 17,500 euros
- For a household consisting of five members and above or a single parent family with three minor members and above the income limit is from 21,000 euros to 42,000 euros.
At the same levels as the income criteria are now determined by the debtors’ deposit limits.
As for the assets that the debtor must adhere to in order to be able to join the out -of -court mechanism, they are shaped as follows:
- 240,000 euros from 120,000 euros previously for a single -person household
- 360,000 euros from 180,000 euros previously for a household consisting of five members and above or single -parent family with three minor members and above
- 270,000 euros from 135,000 euros before, for a household consisting of two members
- 300,000 euros from 150,000 euros previously for a household with three members or single parent family with a minor member
- 330,000 euros from 165,000 euros previously for a household consisting of four members or single -parent family with two minor members
The key to apply the new criteria and to double the above limits is that non -performing debts to banks and services do not exceed EUR 300,000.
The above changes will result in the twelve -year -old debtors who can be eligible from 7% to 85%.
New obligations for servicers
The same bill also includes provisions that form new obligations for creditors. Specifically, before a Servicer auctioning a property, it is obliged to submit a written proposal to the debtor prior to the auction.
In fact, the proposal by the creditor must have been made at least three months, even by e-mail, and a prerequisite for the debtor to be registered on the electronic personalized platform of the Servicer.
The bill also stipulates that if the debtor’s property is not sufficient, a bankruptcy procedure is not opened but registered in the solvency register. At the same time, to facilitate vulnerable debtors who are at risk of seizure of their property, deadlines are expanded so that it can be integrated into the intermediate program.
To date, in order for this to happen, the debtor was obliged to apply within 60 days before the seizure, resulting in many losing the deadlines. The vulnerable debtor will now be able to apply at least 20 days before the auction. The interim program extends for an additional six months to complete the necessary actions to set up and operate the acquisition and re -lease.