New sift­ing of Kat­seli debtors

Gov’t is pre­par­ing a new on­line plat­form for the in­spec­tion of all ap­pli­cants for pro­tec­tion

Kathimerini English - - Front Page - BY EVGENIA TZORTZI

The gov­ern­ment is about to per­form a close in­spec­tion of all ap­pli­ca­tions for pro­tec­tion of debtors un­der the pro­vi­sions of the so-called Kat­seli law, to find out how many of them de­serve pro­tec­tion sta­tus and which of them have only ap­plied in or­der to win time.

The in­spec­tion will take place via an on­line plat­form that will start op­er­at­ing in Oc­to­ber. Through that plat­form, all debtors who have filed ap­pli­ca­tions to ben­e­fit from the law named af­ter a former econ­omy min­is­ter and whose case has not yet been heard will have to sub­mit an ap­pli­ca­tion to have their court date resched­uled.

It is through that process that they will be asked to up­date the data in their orig­i­nal ap­pli­ca­tions, which will then be ex­am­ined for re­li­a­bil­ity: The plat­form will be in­ter­con­nected with Tax­is­net, which will be used to check the el­i­gi­bil­ity of each ap­pli­ca­tion.

Any bor­row­ers who fail to sub­mit an ap­pli­ca­tion for the reschedul­ing of their court date and do not up­date their data will lose the pro­tec­tion from the Kat­seli law and their lender bank will be able to ex­er­cise all law­ful mea­sures, reach­ing up to the auc­tion­ing of their real es­tate as­sets. Sources say that the plat­form will help es­tab­lish whether an ap­pli­cant is an in­di­vid­ual or has a busi­ness pro­file that means he does not de­serve pro­tec­tion by this law; to date this el­i­gi­bil­ity test only took place at the court hear­ing, al­low­ing for the pro­tec­tion of in­debted ap­pli­cants un­til then, even if they were trades­men or free­lance pro­fes­sion­als.

Based on the timetable agreed at a meet­ing of Jus­tice and Fi­nance min­istry officials, there will be a pe­riod of two months granted for the up­dat­ing of per­sonal data. The gov­ern­ment ob­jec­tive is that the siev­ing of all pend­ing ap­pli­ca­tions will be com­pleted by the end of 2020 for the ac­cel­er­a­tion of the court hear­ings of those cases within 2021.

The out­stand­ing ap­pli­ca­tions of the Kat­seli law are es­ti­mated to reach up to 70,000, and speed­ing up their hear­ings has long been a de­mand by banks, which con­sider the law to be a refuge for strate­gic de­fault­ers.

Newspapers in English

Newspapers from Greece

© PressReader. All rights reserved.