Tuesday, August 12, 2014

Arrangements for Individuals - Enterprise Two parallel models launch crecorder of loans and debt ar


Arrangements for Individuals - Enterprise Two parallel models launch crecorder of loans and debt arrangements will "run" from September, offering financial "breath" in households and businesses .........
For any business, any industry will seek out unique solution. Depending on the profile ie, the amount and category of debts. Thus proposing ways settlement as the payment launch crecorder of debts in installments, the deletion of default interest and penalties and reducing the rate Under ethnos.gr, the "green light" is lit in broad troika meeting she had with ministers Development Finance, Justice and Labor and the Governor of the Bank of Greece, who make up the Governing Council launch crecorder of Private Debt Management. One more "fresh" solution package to the companies, the extra-judicial mechanism is revealed by the "Nation" on July 10. Settlement will be done in a short time and will involve bank loans and other debts, such 'insurance, IRS etc. The second "basket" of options that are being prepared by banks and the Bank of Greece through the "Code of Conduct", the institution of "cooperative Borrower" and "reasonable living expenses'. Through that households and businesses can adjust various options through their loans to banks. More specifically, in regard to extrajudicial mechanism decisive role will have creditors and therefore will have the rest who owed money. In this way a rapid settlement of debts involved in putting the same "table". This tool will sit businessman who wants to settle his debt, government representatives, suppliers, and even employees. The company has arrears and non-performing loans could voluntarily use this tool to find a solution to the debt. This model also entitled as Out Of Court Workout for Corporates and SMEs - Out of court settlement for enterprises and small businesses." It operates in France, Great Britain. Portugal, even in Turkey. The mechanism to settle the debts of companies will work with tight frame. Both in the rules and steps that should be followed, and in terms of timing. Sources say that the whole process from the moment of entry in an extrajudicial mechanism launch crecorder until a final decision will hold a maximum of two months. Thus one has a lot of debt can request the disposition. The payment in several installments of the debt is one of the ways of regulation to be provided. For example, it may be sufficient for the payment of debts to banks, funds or IRS 100 doses. And after the undertaking to pay an amount, capital, giving launch crecorder additional liquidity. Terms of creditors Creditors have the right to put conditions on undertakings included in the extra-judicial launch crecorder mechanism. You can request application specific restructuring plan the company through launch crecorder cost cutting, staff reductions even through mergers. Is it possible to request and change management. For any business, any industry sources note, we sought launch crecorder a separate solution. Depending on the profile ie, the amount launch crecorder and category of debts. Thus proposing ways settlement as the payment of debts in installments, the deletion of default launch crecorder interest and penalties and reduce interest rates. Of course there will be the possibility of deleting part of the debt or to a bank or to a supplier or even both. Solutions Banking launch crecorder Regulatory The Irish model adjustment lending solutions depending on the time of loan settlement, the financial needs of households and business profile will be proposed by the banks under the so-called bank settlement. This is the so-called Irish model adjustment loans and includes: 1 Short term solutions adjustment (their term not exceeding 5 years). Payments of interest only during launch crecorder the short period. Reduced interest and amortization payments during the short period. Grace Period. Deferral dose or doses. Type of balance is overdue. Capitalization launch crecorder delays. 2 Long-term solutions adjustment. These solutions that the duration exceeds 5 years and include: Permanent reduction in the interest rate or conventional margin. Changing interest rates (for example from floating to fixed). Extending the repayment period. 3 Solutions final settlement. The third model involves active interventions definitively launch crecorder whether

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