Under the new provisions of Law No. 4346/2015 and article 4, the arrangement is not lost “lost” when
•it does not pay on time up to two (2) instalments per year of the arrangement scheme or •it does not pay on time one (1) instalment of the arrangement per year of the arrangement scheme for a period of up to two (2) months. For the above cases a΄ and b΄, late payment of an instalment entails a monthly surcharge of two per cent (2%). •new debts are subject to suspension of collection or are included in a settlement following an application by the debtor submitted before the expiry of the legal deadline for payment. •If the total amount of debts, new and under arrangement, exceeds 50.000 euros, the settlement of the new debts is granted only if the debtor invokes and proves that he is facing financial inability to pay them within the legal deadline. By decision of the Secretary-General for Public Revenue, issued by 31.12.2015, the details of application of this case are regulated».


