€2.65 billion of debt were settled out of court in July
€2.65 billion of debt were settled out of court in July

€2.65 billion of debt were settled out of court in July

931 new successful debt settlements were filled.
RE+D magazine
03.08.2023

Settlements through the out-of-court debt settlement mechanism keeps up steadily in the month of July 2023, the Ministry of Finance points out in its announcement.

The number of new applications and final submissions remains at high and stable levels. Data that reflect the interest of the citizens and the effectiveness of the specific tool, which in recent months has been developing dynamically, giving a solution to thousands of debtors.

In particular, according to the data of the General Secretariat of the Financial Sector and Private Debt Management:

In the month of July 2023, there were 931 new successful debt settlements, 3,727 new applications (in the process of completing details to be submitted) and 2,291 new final submissions.

In total, by the end of July 2023 there have been 7,257 successful debt settlements, which correspond to 2.65 billion euros of original debts.

It is also important to maintain the approval rate of the arrangements by the financial institutions at a high level, which averaged at 76%, with the total write-off amount amounting to 782.92 million euros.