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Athens Times

Seizures for debts below 5,000 euros

It’s only a matter of time and the micro-borrowers to be confronted with foreclosures…all that remains is the signing of the relevant ministerial decision for the transfer of their debts to the ΚΕΑΟ.The transfer of debts to the Central Collection of Insurance Debts (ΚΕΑΟ) means and coercive measures of recovery, namely, electronic attachment of bank deposits and auctions.In the first phase is targeted for those who have debts in excess of € 5,000, but it is assumed that the target will be scored and those who have debts below this amount and is mainly 530.000 debtors of the IKA and OAEE, despite the fact that the 130.000 of them have ceased their activity.

It’s only a matter of time and the micro-borrowers to be confronted with foreclosures…
All that remains is the signing of the relevant ministerial decision for the transfer of their debts to the ΚΕΑΟ.
The transfer of debts to the Central Collection of Insurance Debts (ΚΕΑΟ) means and coercive measures of recovery, namely, electronic attachment of bank deposits and auctions.
In the first phase is targeted for those who have debts in excess of € 5,000, but it is assumed that the target will be scored and those who have debts below this amount and is mainly 530.000 debtors of the IKA and OAEE, despite the fact that the 130.000 of them have ceased their activity.

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