New sys­tem for most debts

Kathimerini English - - Focus - DIMITRA MANIFAVA

All debts to banks and the state will be able to en­ter the ex­tra­ju­di­cial set­tle­ment mech­a­nism the Econ­omy Min­istry has pre­pared for vot­ing by Par­lia­ment, with the ex­cep­tion of the so­cial se­cu­rity con­tri­bu­tions that work­ers owe.

The bill al­lows for the en­try of cor­po­ra­tions that had a min­i­mum of 20,000 eu­ros debts by end-2016, and loans that are not re­lated to busi­ness ac­tiv­ity – such as mort­gage loans, de­spite the dis­agree­ment of banks.

The mech­a­nism will also al­low free­lance work­ers to set­tle their tax and con­tri­bu­tion debts out of court, but not debts to banks.

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