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Bankruptcy Procedure in Greece
A presentation brought to you by LawyersGreece.eu
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Bankruptcy - Definition
Bankruptcy refers to a financial situation in which an entity (individual, company) is not able to pay its debts.
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Bankruptcy Types
In Greece, bankruptcy can take the form of voluntary or mandatory bankruptcy.
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Legislation
Bankruptcy is done following the rules of the Law 4738/2020.
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Who Can Become Bankrupt
Bankrupty can apply to partnerships, commercial companies, non-profit organization, individuals, etc.
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Courts
Bankruptcy cases can be heard in Greek courts such as the District Court or the Court of First Instance.
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Legal Services
Our team of lawyers can assist in mediation or court proceedings.
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Online Procedure
Greece offers the possibility to apply for bankruptcy online, through the Solvency e-Register.
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Small-Scale Bankruptcy
Companies and other entities that have assets with a value of maximum EUR 350,000 can apply for small-scale bankruptcy.
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Services for Companies
Our team of lawyers can assist companies in liquidation, insolvency, company reorganization and restructuring.
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Thank You for Your Attention!
For more details, please contact us at:
lawyersgreece.eu
clients@lawyersgreece.eu
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