Legal Question in Bankruptcy in Greece
If I am resident in the Uk but have debts in Greece that can only be dealt with by declaring bankruptcy can my house and business in the Uk be taken from me?
Asked on 1/18/12, 6:46 am
1 Answer from Attorneys
Arent Lievens
Advocates Lievens & Lievens
Hello,
I'm afraid all your goods can be taken from you to cover the debt.
First it is important to see which type of debt it is in Greece. If it can be reduced by any legal means.
Secondly negotiate a reasonable payment plan, and at least avoid legal costs of a Greek company having to go through all the Greek legal system to get a official document with which they can claim you UK property, and then UK legal cast on top of that...
I've some experience in Greece, so feel free to get in touch with me on A at LL2.be
Answered on 1/18/12, 6:57 am