Eligibility

Any individual that can become bankrupt and any legal person who earns income from business activity and has a tax domicile in Greece if

On 31 December 2016 they had

• Debit to a financial institution by a loan
• Or credit for at least 90 days' delay
• Or a debt settled after 1 July 2016
• Or arrears to the Tax Administration or to a Social Insurance Institution or to another legal entity governed by public law, including local authorities,
• Or they have been found to have failed to pay its issuing orders due to shortage of cash
• Or a payment order was issued
• Or court decisions due to overdue claims against them
• Total debt to be settled in excess of € 20,000

In at least one of the last three uses before submitting the application

• A borrower holding a single-entry bookkeeping system must have a positive net result before taxes, interest, and depreciation.
• A borrower holding a double-entry bookkeeping system, must produce positive results before interest, taxes and depreciation or positive net worth.