The Ministry of Justice is considering a 15-day extension of the term for debtors who have applied for the protection of their assets in accordance with the so-called Katseli law, but have not yet updated their personal data on the online platform.
The deadline for updating their data is the end of June, and sources say that through the 15-day extension, borrowers will have one last chance to reapply online.
Personal information updates relate to online filing for protection on the platform of the Special Secretariat for Private Debt Management so that borrowers can ensure their protection in accordance with the law originally introduced by the former Minister of Economy Lukoy Katseli… It has now been superseded by debt restructuring and second chance legislation (e.g. bankruptcy code).
There were specific deadlines for online filing, ranging from the end of January to the end of June, depending on when the original application was filed. Sources say the renewal will apply to all cases, regardless of when their deadline was.