Finance ministry table amendment to extend out-of-court settlement framework for private sector arrrears by a year

21 December 2018
116 Views

The finance ministry, as expected, on Thursday tabled a draft amendment to extend an out-of-court settlement framework for private sector arrears by a year.

The amendment lowers the ceilings for creditors seeking to recover arrears: 500,000 euros for an individual creditor, from the current two million euros, and five million euros in accumulated arrears towards more than one creditors, down from 20 million euros.

At the same time, the new law would raise the sum that a business wants to negotiate in the out-of-court settlement, from 50,000 euros to 300,000 euros.

You may be interested

“Wish Tree” on Greek island becomes Tourist attraction
GREECE
shares471 views
GREECE
shares471 views

“Wish Tree” on Greek island becomes Tourist attraction

Panos - Mar 19, 2019

The “wish tree” on the picturesque Antipaxos island in the Ionian Sea has become a tourist attraction, as every year…

Professional fisherman dies off western Greece after casting his net
GREECE
shares31 views
GREECE
shares31 views

Professional fisherman dies off western Greece after casting his net

Panos - Mar 19, 2019

An odd but tragic accident was reported over the weekend with a 67-year-old fisherman dying under still undetermined circumstances moments…

High school teacher arrested after reportedly having sex with student
WORLD
shares35 views
WORLD
shares35 views

High school teacher arrested after reportedly having sex with student

Panos - Mar 19, 2019

A former Georgia high school teacher was detained after she was accused of having a sexual relationship with one of…

Leave a Comment

Your email address will not be published.