Overindebted Households (Katseli Law) & Debt Relief | Koufelos & Associates Law Firm
Rapid economic shifts and financial challenges have left many borrowers, households, and individuals unable to meet their financial obligations toward banking institutions, investment funds, and asset management companies (servicers). “KOUFELOS & ASSOCIATES LAW FIRM” stands firmly by borrowers, providing comprehensive legal and counseling support while handling the full spectrum of financial and banking disputes.
With extensive expertise in banking and consumer protection law, we scrutinize the compliance and potential abusiveness of loan contract terms, claim the return of illegal charges (such as early loan repayment penalties), and deploy every available legal asset to effectively restructure your debts and safeguard your property.
Our Debt Relief & Banking Dispute Services
Our firm delivers personalized, strategic guidance, covering both judicial and out-of-court procedures across the following specialized areas:
1. Application of the Katseli Law (Law 3869/2010) & Judicial Defense
We provide full legal representation throughout all stages of Law 3869/2010 (widely known as the Katseli Law), which governs debt adjustment for overindebted individuals:
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Applications & Judicial Settlements: Drafting, filing, and legally managing petitions for debt adjustment to secure definitive restructuring or partial debt erasure.
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Primary Residence Protection: Applying specific legal provisions designed to shield and rescue the borrower’s main residence from liquidation or foreclosure.
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Judicial Decision Modifications: Handling applications for the reform or modification of existing court decisions under Law 3869/2010 when the debtor’s financial circumstances change significantly (e.g., loss of income).
2. Out-of-Court Settlements & Debt Restructuring
Prior to or alongside moving toward judicial litigation, we aggressively pursue swift debt settlement avenues:
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Direct negotiations with credit institutions, systemic banks, and funds/servicers.
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Formulating realistic and viable repayment plans customized to match our clients’ true financial capacity.
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Utilizing the modern institutional framework of the Greek Out-of-Court Workout Mechanism (Exodikasthkos Michanismos).
3. Legal Defense Against Foreclosures & Payment Orders
We safeguard your personal assets against aggressive collection strategies deployed by creditors:
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Full legal representation and robust defense during the Forced Enforcement process (asset seizures and auctions).
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Drafting and filing applications for annulment (anakopes) and suspension against Payment Orders (diatages pliromis) and asset seizure reports.
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Suspension of Enforcement Measures: Securing immediate court interventions to freeze and halt any hostile collection or enforcement actions until a definitive ruling is achieved.
Why Choose “Koufelos & Associates Law Firm”
At Koufelos & Associates Law Firm, we address overindebtedness not just as a narrow legal file, but as a severe issue demanding absolute confidentiality, delicate handling, and decisive action. Leveraging deep insight into Greek banking law and current case law, we meticulously analyze your financial profile to build an impenetrable line of defense against banking abuses. Our sole objective is to protect your assets and establish a fresh, clear financial start for you and your family.
