If the debtor owes only to the Tax Administration or only to Social Security Institutions, will he be able to be subject to the out-of-court settlement procedure?
Yes. For debts to the Tax Administration and / or the Social Security Institutions that exceed the amount of 10,000 euros, the debtor can apply to the out-of-court mechanism, which is routed to his creditor in order to give him a settlement. This arrangement also results from a special algorithm (ie automatic calculator), which assesses the financial situation of the debtor (ie income - income and property) while the installments can reach up to 240.