VULNERABLE DEBTOR CERTIFICATE
- What is a "vulnerable debtor certificate" and who issues it?
The "certificate of a vulnerable debtor" is the document that certifies that the debtor is financially vulnerable in accordance with article 3 of Law 4472/2017 and that his property, which is specified in the certificate, is his main residence. It is issued by the Special Secretariat for Private Debt Management (EGDICH) of the Ministry of Finance, to which the debtor's request is submitted electronically.
- How can I obtain the "vulnerable debtor certificate"?
In order to receive the "vulnerable debtor certificate", someone must, on the one hand, meet the necessary income and property criteria set by law and, on the other hand, submit their request electronically in the appropriate manner (EGDICH electronic platform).
Due to the specificities of submitting the application and the sensitive data that is revealed through it to the pursuing creditors, the assistance and handling from the outset by a Lawyer proves beneficial for the debtor.
- Is there a deadline for submitting the application for the "vulnerable debtor certificate"?
According to the instructions of the Special Secretariat for Private Debt Management, the issuance of the certificate should be initiated within 60 days from the service of the forced seizure report to the borrower or, in the case of bankruptcy, after the issuance of the relevant court decision. At the same time, the debtor is required to post specific documents on the platform.
- What is the "Vulnerable Debtor Certificate" used for?
In case the application is accepted, the relevant certificate is issued with a three-month validity, signed by the Special Secretary for Private Debt Management, bearing a unique number that certifies its authenticity. With this certificate the debtor protects his main residence from the auction, which is automatically suspended.
CERTIFICATE OF FINANCIALLY INFIDEL DEBTOR
- What is the "financially weaker debtor certificate", who is it issued by and what is it used for?
The “financially weaker debtor certificate”, although often confused with the “vulnerable debtor certificate”, differs significantly from it. This does not relate to debtors threatened with foreclosure, but concerns borrowers who have seen a large increase in their monthly loan installment due to the rapid increase in interest rates. Therefore, this certificate can provide decisive financial relief to borrowers by reducing the monthly installment that has been inflated by the continuous increase in interest rates. Its issuance is made through an electronic platform and the process is similar to that of issuing the “vulnerable debtor certificate”.
Discover the ultimate portable vaping experience with the Elf Bar Vape: The Future Of Portable Vaping. Experience unparalleled quality and convenience that elevates your vaping journey. Explore our range at elfbareig.co.uk and embrace the future of vaping today!
- How can I obtain the "financially weaker debtor certificate"?
In order to receive the "financially weaker debtor certificate", someone must meet certain necessary income and property criteria.
In any case, the necessity of issuing the above certificates is assessed on a case-by-case basis and requires serious handling and involvement of the debtors, so that they can proceed with their issuance with validity and in a correct time frame. Due to the specific deadlines and the nature of the data that needs to be processed, it is advisable to seek the assistance and handling of a specialist from the outset.
English 
Greek