Repossessions in Greece- 10,000 Orders for Debts to Social Security Funds

Mandatory measures for collecting debts corresponding to up to 270 million euros were taken from the Centre for Insurance Debt Collection in the quarter of January-March 2014. In total, in the first quarter there were 7,498 garnishment orders issued, 1,832 orders for seizing movable and immovable property, 556 house repossessions, and 133 auction announcements. At the same time, the data on the course of time to pay the Greek Social Security Institute (IKA-ETAM) demonstrate that in the regulation “New Start” that allows payment in 48 installments up until April 2014 were at a debt of 439.1 million, while “Fixed” payment installments allowed in 24 doses, were at a debt of 176 million euros for the same period. By Kinthia Ktena

READ THE ORIGINAL POST AT greece.greekreporter.com