In May, the online applications for the debt settlement 36-72 installments to the insurance agencies concerning periods of employment by September 2021 to December 2022.
In particular according to his information Dnews a new platform will be put into operation at efka.gov.gr at the beginning of May where debtors will be able to submit an application for debts for the specific period. Through the service, debtors of the KEAO are given the possibility to settle their debts electronically.
To access the online service:
• Debtors – employers can use the access codes they have for the APD Electronic Submission for their access.
• The remaining debtors must use the codes they declared during their certification.
Those debtors who have not obtained access codes for online services should, before submitting an adjustment request, be certified through the Debtor Certification service.
The arrangement concerns periods of employment from September 2021 to December 2022 and which have become overdue can be subject to a partial payment arrangement of 36 to 72 installments, with the corresponding interest rate applicable to the fixed arrangement of 24 installments.
This new arrangement can also include debts that are part of serviceable – on February 1, 2023 – permanent arrangements, as long as these arrangements include exclusively debts created during the above periods of employment (from September 2021 to December 2022). Debtors who have overdue debts to the EFKA that have not been subject to a regulation that is observed cannot make use of the new scheme.
The debtor’s application for inclusion in the regulation is also submitted in this case until July 31, 2023. The inclusion is done by paying the first installment until the last working day of the month of submission of the application. Subsequent installments are paid by the last working day of each month following payment of the first installment. The amount of each installment, the number of installments and any other necessary details are determined by the decision to be included in the regulation.
At the same time, in April, the submission of life applications will begin for those who have lost the insurance arrangements of 120 or 72 installments until February 1, 2023, the possibility is given to revive them by paying two monthly installments covering the two oldest due installments until 31 July 2023. Missed installments are carried forward, with interest, at the end of the arrangement.
The revival is carried out by the debtor’s application submitted until July 31, 2023, as long as the debts have not been subject to after the loss of the regulation and before the entry into force of this legislative provision: a) to a debt settlement in the context of the out-of-court mechanism of law. 4469/2017 or b) in the settlement of debts of n. 4738/2020 (“second chance”).
In addition, the debtor must not have any other overdue and unsettled debts to EFKA. If he has other overdue debts, the revival of the arrangement takes place on the condition that they have been subjected to an arrangement that is observed.
Revival takes place with all the benefits and obligations of the lost arrangement, e.g. granting proof of awareness, suspension of the continuation of the forced execution procedure on the debts that are regulated, etc.
#applications #debt #settlement #start #efka.gov.gr
**Interview with Financial Expert, Dr. Alexios Konstantinou, on the Upcoming Debt Settlement Program**
**Editor:** Good morning, Dr. Konstantinou, and thank you for joining us today. We’re discussing a new debt settlement program that will launch in May for debts incurred between September 2021 and December 2022. Can you give us an overview of what this program entails?
**Dr. Konstantinou:** Good morning! Yes, absolutely. This new program allows debtors to apply for debt settlements with insurance agencies over an extended period of 36 to 72 installments. It aims to help individuals and employers manage their overdue debts more effectively through an online platform that will be accessible via efka.gov.gr.
**Editor:** That sounds like a helpful initiative. How can debtors apply for this settlement?
**Dr. Konstantinou:** Debtors who are also employers can use their existing access codes from the APD Electronic Submission. For others, they will need to utilize the codes they received during their debtor certification process. Importantly, those without access codes will need to complete a certification before they can submit an adjustment request.
**Editor:** What types of debts are eligible under this new arrangement?
**Dr. Konstantinou:** The program specifically targets debts for the employment period between September 2021 and December 2022 and is applicable for overdue debts. Interestingly, it can also cover debts that were part of serviceable permanent arrangements as of February 1, 2023, as long as those debts fall within the specified timeframe.
**Editor:** That’s quite comprehensive. Are there any limitations or exclusions that applicants should be aware of?
**Dr. Konstantinou:** Yes, there are important limitations. Debtors who have overdue debts to EFKA that have not previously been part of a regulatory framework are ineligible for this new scheme. It’s crucial for potential applicants to check their status to ensure they qualify.
**Editor:** Lastly, what advice would you give to debtors looking to take advantage of this new option?
**Dr. Konstantinou:** My advice would be to act quickly once the platform opens in May. Make sure you gather all the necessary documentation and verify your access codes. Understanding your financial situation and the specifics of your debt is key to making the most of this opportunity.
**Editor:** Thank you, Dr. Konstantinou, for sharing your insights on this significant development. We appreciate your time.
**Dr. Konstantinou:** Thank you for having me!
