Greece: Insolvency/Bankruptcy/Re-Structuring

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Insolvency law and bankruptcy law articles, thought leadership, podcasts, videos and webinars from expert sources across the legal world. Explore insights covering topics surrounding financial restructuring, insolvency and bankruptcy.

G. Kefalas – The Change In The Out-of-court Mechanism That Hinders Legal Entities From Settling Debts With Public Authorities, And The Improvements Introduced By Joint Ministerial Decision 77129/7.5.2025.

The out‑of‑court settlement mechanism is a debt restructuring tool that, from its introduction in 2021 until today, has undergone successive amendments, particularly aimed at improving settlement terms for debtors...

Greece Insolvency

PK

Psarakis & Kefalas Law Firm

The Restructuring Of Business Debts Through Bilateral Agreements With Servicers – The 5 Critical Factors That Determine The Outcome

While restructuring agreements concluded through the out-of-court mechanism are increasing, a large portion of settlement arrangements—especially in the context of business loans...

Greece Insolvency

PK

Psarakis & Kefalas Law Firm

E. Karanikola - Application For Income Exemption From The Bankruptcy Estate And One-Year Discharge

Summary: In previous articles, we discussed the procedure for declaring simplified bankruptcy as well as the debtor's remaining assets following the declaration (see here).

Greece Insolvency

PK

Psarakis & Kefalas Law Firm

D. Stamarga - Which Debts Are Not Released Following The Debtor's Bankruptcy Discharge?

In this article we examine which debts appear to constitute exceptions to the rule of discharge in bankruptcy. In other words, which debts the bankrupt does not shed even after the lapse of three years...

Greece Insolvency

PK

Psarakis & Kefalas Law Firm

A.V. Poulimenou - Asset Liquidation In Bankruptcy: The Exception - Sale Of The Business As A Whole Or As Functional Units

Greece Insolvency

PK

Psarakis & Kefalas Law Firm

G. Psarakis - Release Of Legal Representatives From Liabilities To The State

Greece Insolvency

PK

Psarakis & Kefalas Law Firm

A.V. Poulimenou - The Liquidation Of The Bankruptcy Estate Through The Sale Of Individual Assets

Greece Insolvency

PK

Psarakis & Kefalas Law Firm

Το Δικαιο Αφερεγγυοτητας Στην Πραξη - Το «μωσαϊκό» Των Επιλογών Του Οφειλέτη

Greece Insolvency

PK

Psarakis & Kefalas Law Firm

Το «μωσαϊκό» επιλογών του οφειλέτη - Οι δυνατότητες διευθέτησης των χρεών του μέσα από το ισχύον νομοθετικό πλαίσιο με βάση συγκεκριμένες υποθέσεις εργασίας

Greece Insolvency

PK

Psarakis & Kefalas Law Firm

Small Scale Bankruptcy - Procedural Requirements And Definition Of The Petition In Particular After The 2023 Changes

Greece Insolvency

PK

Psarakis & Kefalas Law Firm

The Debtor's Defence Against The Bankruptcy Petition Through The Denial Of Being In A State Of Bankruptcy

Greece Insolvency

PK

Psarakis & Kefalas Law Firm

Appeal Against The Bankrupt's Discharge - Some Thoughts Based On The First Decisions Of The Courts

Greece Insolvency

PK

Psarakis & Kefalas Law Firm

The Critical Changes In The Legislative Framework Of The Out-of-Court Settlement Mechanism And Non Performing Loans

Greece Insolvency

PK

Psarakis & Kefalas Law Firm

Abusive Filing Of A Bankruptcy Petition By A Creditor

Greece Insolvency

PK

Psarakis & Kefalas Law Firm

Greece's Minimum Wage To Rise Again In 2026: What Employers And Employees Should Expect

Greece Employment

E

Eurofast

Podcast Series Episode 8: Multiple-Vote Share Structures Directive

BL

Bernitsas Law

G. Kefalas - Out-of-Court Mechanism: A Tool For Large Enterprises To Settle Debts To The State And The E-EKFA

PK

Psarakis & Kefalas Law Firm

November 2025 Monthly Tax Briefing

BL

Bernitsas Law

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

PK

Psarakis & Kefalas Law Firm

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Related Country Guides

Restructuring & Insolvency

Insolvency/Bankruptcy

G. Kefalas - Out-of-Court Mechanism: A Tool For Large Enterprises To Settle Debts To The State And The E-EKFA

The out‑of‑court mechanism emerges as an important tool for businesses, especially in cases of debts to the State and to e‑EFKA.

PK

Psarakis & Kefalas Law Firm

M. Giannika - Out-of-Court Mechanism: Debt Settlement From Joint Liability – The Case Of Dissolved Or Liquidated Legal Entities

Summary: The amendment of Article 7 of Law 4738/2020 (scope of application) by Article 75 of Law 5043/2023 resolved a major asymmetry in the Greek out-of-court debt settlement mechanism.

PK

Psarakis & Kefalas Law Firm

E. Karanikola - Application For Income Exemption From The Bankruptcy Estate And One-Year Discharge

Summary: In previous articles, we discussed the procedure for declaring simplified bankruptcy as well as the debtor's remaining assets following the declaration (see here).

Greece Insolvency

PK

Psarakis & Kefalas Law Firm

D. Stamarga - Which Debts Are Not Released Following The Debtor's Bankruptcy Discharge?

Greece Insolvency

PK

Psarakis & Kefalas Law Firm

A.V. Poulimenou - Asset Liquidation In Bankruptcy: The Exception - Sale Of The Business As A Whole Or As Functional Units

Greece Insolvency

PK

Psarakis & Kefalas Law Firm

G. Psarakis - Release Of Legal Representatives From Liabilities To The State

Greece Insolvency

PK

Psarakis & Kefalas Law Firm

A.V. Poulimenou - The Liquidation Of The Bankruptcy Estate Through The Sale Of Individual Assets

Greece Insolvency

PK

Psarakis & Kefalas Law Firm

Fraudulent Conveyance Of Creditors: Asset Insufficiency And Critical Timing

Greece Criminal

PK

Psarakis & Kefalas Law Firm

The Guarantor's Defense Of Release Under Article 862 Of The Civil Code

Greece Government

PK

Psarakis & Kefalas Law Firm

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Latest Videos

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Alvarez & Marsal Webinar: European Restructuring And Corporate Distress In 2025 (Video)

AM

Alvarez & Marsal

One Step Ahead Insights Podcast

AO

A&O Shearman

Video | Ruud Brunninkhuis En Laurens Prickartz | AvdR – Journaal Insolventierecht | 7 Oktober

B

Buren

Philipp Meske Im Interview Mit Handelsblatt Live Über Erfolgreiche Turnaround-Situationen (Video)

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AlixPartners

Insolvency, Restructuring And Funding Advisory

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Grant Thornton

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