Debt Settlement Towards The State And E-EFKA Explained Through 10 Brief Q&As

Summary: The out‑of‑court settlement mechanism has emerged as a key tool for businesses in restructuring their debts, particularly in relation to the Greek State and e‑EFKA (the Social Security Fund). According to recent data, more than 40% of settlements with e‑EFKA have been achieved via this mechanism. But what are the core rules governing the settlement process? What is the procedure and timeline for concluding a restructuring agreement? What protections and benefits does the debtor receive upon signing the agreement? And how can a settlement ultimately be lost? This article addresses these questions through 10 concise Q&As.

1. Which debts can be settled through the out‑of‑court mechanism?