In the out-of-court mechanism, can the citizen regulate only with the State and not with the Banks? Or is it mandatory to settle with the banks as well?
It is not possible to settle only some of the total debts. The Out-of-Court Debt Settlement Mechanism provides the possibility for total restructuring of all debts to financial institutions, Public and Social Security Institutions. The debtor submits an application to the out-of-court mechanism and if the majority of creditors agree on a debt settlement solution, then all debts to banks, loan managers, AADE and EFKA are settled.