1. Home
  2. Ask for our help
  3. Questions & Answers
  4. Out of Court Settlement
  5. Out-of-Court Debt Settlement (4738/2020)
  6. If the debtor owes only to one bank, can he be subject to the out-of-court settlement procedure?

If the debtor owes only to one bank, can he be subject to the out-of-court settlement procedure?

No. If someone owes only to one bank, then he should contact it and settle his debts directly, according to Law 4224/2013 on the Banking Code of Ethics.

Ask for our help