A debt to the State of €346,374.97 was settled through the Out-of-Court Debt Settlement Mechanism (Law 4738/2020) in 240 monthly instalments (20 years), with €237,842.43 written off, representing 68.7% of the total debt. The total amount to be paid, including the interest of the settlement, comes to €148,303.13 (unless the debt is repaid early).
The above concerns a real case. It is published with the client's consent and all identifying details have been removed. The outcome of each settlement depends on the income, the assets and the level of debt of the particular debtor and cannot be guaranteed in advance.