1. Costs - No Win No Fee! 

Having long standing relationships with all our overseas partners we have agreements to provide these services on a NO WIN NO FEE basis charging the agreed commission rate against monies recovered only. 

2. Coverage in Greece 

Greece is divided up into 13 regions and one autonomous region (Mount Athos). Our local office is in Athens with local lawyers in every major city enabling us to recover debts throughout all of Greece. 

3. Local Experience 

Unlike many of our competitors all cases are handled by the local office or partner. The reasons for this are they speak the debtors' language in this case Greek which is spoken by 99% of the population. We understand the local cultures and know all the legal processes. These are reasons why Creditreform are the ideal people to help you in collecting debts from overseas. 

4. Statute of Limitation in Greece 

5 years but there are many special exemptions so whatever the age please contact us and we will advise if we can assist with your claim 
Search a country below for debt collection: 

How to Instruct Us 

We simply require the following details: 
Full name & address of the debtor 
All available contact details of the debtor i.e. contact name(s) / Tel / Mobile / Email(s) 
Amount owed (Invoice(s) or Statement will help) 
Or ask us to call you – just leave us your details: 

Case Study - USD 50,000 recovered from Greece Debtor 

Initiation of Case 
A Hi-Tech hardware and software Canadian client based in Vancouver had a USD 50,000 debt against a debtor in Piraeus, Greece. The debt related technical hardware purchased by the debtor company, which was then sold to the Hellenic Navy. There were no complaints about the quality or delivery of the goods but just refused to pay and communicate with our client. All contracts and agreements were signed by the debtor. 
Debt Collection Processes 
Upon receipt of the case we forwarded it to our local partner in Greece. They then immediately sent the initial dunning letter to the debtor stating the amount owed and a deadline to pay. The debtor company contacted our partner and admitted part of the debt but disputed another part. Many months of work were spent trying to resolve the case and eventually achieved a part payment. However, the client decided not to pursue for the balance and requested the case be closed. 
Although we did not achieve a full resolution to the case we effected a partial success and the client appreciated all the work undertaken by our partner and ourselves. 

Greece Debt Collection – No Win No Fee 

Creditreform operates a global specialist International debt collections service. We have local offices and fully approved expert international debt collection agency partners in every country worldwide. All our International debt collection agency partners and offices operate on a No Win No Fee basis charging an agreed commission against monies recovered only. All our international offices and partners initiate the collection processes by sending the debtors a debt collection letter to introduce their involvement. 
Due to the recent economic issues, many Greek companies have been unable to pay their Bills and liabilities which put their creditors in a difficult position. It is important that when relations break down due to none payment that you act quickly to recover monies due. It is very probable that you are not the only unpaid creditor so by acting quickly an instructing a Greece debt collection agency it will increase your chances of a speedy and successful recovery 
Main reasons why a local country debt recovery agency is so important rather than trying to recover from a debt collection agency UK are as follows: 
The local International Debt collection Partners know
The local cultures 
The best methods of initiating debt recovery letters and processes 
The languages 
The laws 
Are in the same time zones 
Herewith details of our debt collection service Greece

Location of debt recovery office in Greece? 

Athens as well corresponding lawyers in every major city of Greece. All debt collection letters are sent by the local head office. 

Number of debt collection staff? 

5. Each staff member is allocated a client and all their debt collection letters are personalised in order to effect the best response result s from debtors. 

How long have you been operating a debt recovery service in Greece? 

We have been operating a European debt collection service on a no win no fee basis in Greece since 2000. Greece is included on our debt collection agency list

What type of debt collection services do you provide? Do you do commercial debt recovery (B2B) and consumer debt recovery (B2C)? 

We handle both Business to Business debt recovery cases and Business to Consumer debt collections cases. There is different content for business to business debt collection letter templates and business to consumer debt collection letters templates

Statue of Limitation in Greece? 

5 years 
Greece civil litigation statute of limitations is a law that time limits a plaintiff’s right to bring a claim against a defendant. The statute of limitations in Greece is 5 years. However, if an action has been taken within this time then the statute of limitations time will be extended to account for this. Once the specified time period elapses then no action can be taken through the legal processes unless the plaintiff is able to prove exceptional circumstances. Other Statute of Limitations include: 
Greece Open Account Years – 5 years 
Greece Promissory Notes – 5 years 
Greece Written Contracts – 5 years 
Greece Oral Agreements – 5 years 

How EU (European Union) laws effect debt collection in Greece? 

All EU laws regarding debt collection are already incorporated into Greek law. 
Greece has been a European Union (EU) member country since 1981, Euro area member since 2001 and Schengen area member since 2000. 

How many companies registries in Greece for businesses (i.e. UK has just 1 central registry)? 

There is 1 company registry in Greece which is called Greece General Electronic Commercial Registry - ΚΕΝΤΡΙΚΗ ΕΝΩΣΗ ΕΠΙΜΕΛΗΤΗΡΙΩΝ ΕΛΛΑΔΟΣ located at Akadimias 6, Athina 106 71, Greece. 
We have access to Greece Company Registry searches to find out who further background information on all Greece companies. 

What is the debt collection process in Greece? 

Debt recovery letter with a short payment deadline sent to debtor, followed up by phone calls. Search at the insolvency registry for ongoing insolvency of the debtor as well as check at the central registry for business regarding statute amendments and published balance sheets to check credit status and financial situation. If no results extrajudicially, legal debt collection by way of either an EU Payment order (very quick procedure, just two weeks to get a payment order) or lawsuit (within 100 days of filing of lawsuit parties submit their writs and evidence and await judgment, also quite quick procedure). 

Average length of time to collect a debt? 

The average time taken to recover a Greece B2B debt collection case varies from case to case. 

Can late payment fees / interest to be added to claims? 

Interest & part of late payment fees can be added to the principal amount. 

Details on legal service / process in Greece? 

Our lawyers work under the same conditions. The costs for the bailiff have to be paid in advance. They are added to the claim and have to be settled by the debtor. 
We have an own software-system that allows us to cover big quantities of files. They are processed the same day. Our clients receive also a login so they can check the status of their files whenever they want. They are always updated on the same day. 

Greece Business Credit Reports 

Creditreform provides over 88 million international business credit reports throughout Europe and 200 million international business credit reports worldwide. There are over 150,000 registered in Greece. We provide freshly investigated Greece credit reports which can be done prior to trading to make sure the company you will be dealing with can meet the commitment or once the debt becomes overdue to ensure the debtor can meet the amount owed. 

Greece Skip Tracing Agents 

Creditreform’s debt collection company service also uses expert local Greece tracing agent services to locate any absconded debtor. This debtor tracing service is provided on a No Find No Fee basis only charging for a successful trace. 

Specialist Debt Recovery Experts 

There are many unique requirements to recovering international debts in all countries including Greece debt collection services which differ from the UK and therefore it is very important that cases are handled directly by our expert international debt collection agencies and not from debt collectors UK. This method of international debt collection sets Creditreform aside from the competition who in many cases try and recover debts from a UK debt collector only. Using the local offices and partners enables us to achieve a far greater success rate and our No Win No Fee service together with competitive commission rates against monies recovered only ensures you get the best service. 

Greece Debt Collection Partners in the following Greek Cities 

What is the legal system in Greece? 

The Greece legal system is based on Germanic civil law. 

What is the name of the Government Gazette in Greece? 

The Gazette in Greece is called the Government Gazette - Efimeris tis Kyverniseos (Εφημερίς της Κυβερνήσεως). 

Which countries border Greece? 

Greece is a country in south eastern Europe bordered by Albania, Bulgaria, Turkey, North Macedonia. Greece also shares maritime borders with Cyprus, Egypt, Italy, and Libya

Who are the main trading partners for Greece? 

The main export markets fro Greece are Italy, Germany, Turkey, Cyprus and Bulgaria and for Greek imports they are Germany, Iraq, Italy, Russia and China

What is the Supreme Court in Greece? 

The Supreme Courts for Greece are called 
Supreme Special Court (Special Highest Court) - Ανώτατο Ειδικό Δικαστήριο 
Supreme Civil and Criminal Court of Greece - Άρειος Πάγος 
Council of State - Συμβούλιο της Επικρατείας 
Court of Audit - Hellenic Court of Audit (or Synedrio) 

Greece Debt Collection Agency FAQs 

1. How does a Debt collection agency in Greece recover overdue debts? 

The debt collection process is initiated by an introductory letter to your debtor stating the amount owed to you and informing them of our involvement. Letters are then followed up with emails and telephone calls. From our experience the most effective part of this process will be the outsourcing to a third party debt collection agency in Greece as the debtor now has to resolve the debt and can no longer hide or provide lame excuses. 

2. How long does the debt recovery agency in Greece take to process a case? 

The debt collection case will be processed immediately up receipt and a letter sent normally by email and post. You will receive an automated confirmation by return. 

3. What is the success rate for debt collection agencies in Greece? 

The success rate of the debt recovery case depends on a number of factors including the solvency of the debtor and whether the case has a legitimate dispute. Our aim is to recover every debt that is recoverable. 

4. Does the debt recovery agency in Greece operate a No Win No Fee debt collection? 

We take on all debt collection cases on No Win No Fee basis only charging the agreed commission against monies recovered. 

5. Why use a local debt recovery agency in Greece? 

The reasons for using a local Greece debt collection agency than processing from a different country is the debt collector in Greece speaks the local language, knows the local laws and operates in the same time zones. 

6. Are there any debts too old or too small for Greece debt collection? 

We will assess all debt cases, irrelevant of age and size and then advise the best processes to recover these through the Greece debt collector. 

7. How do I instruct the debt collectors in Greece? 

Instructing the debt collectors Greece is a simple process. You just email details of the debt, debtor and amount to be recovered and the case can be initiated. 

8. What evidence do I need to provide when instructing the Greece debt collector? 

When instructing the debt collector in Greece just provide copies of invoices/statements, debtor contact details and any relevant information you may have to assist with the recovery process. 

9. Who does the debtor pay? 

In general the debt collector in Greece will request payments to be sent directly to the client but if not possible for any reasons will take payment directly. If payment is taken then cleared funds will be processed and sent to client straight away. 

10. Can I instruct multiple cases? 

You can send unlimited debt case instructions. Our systems will automate volume cases to meet your requirements. 

11. Can you trace debtors in Greece? 

Through our network of skip tracing agents we have an extremely high success rate of locating your absconded debtor. 

12. How long does the debt collection process take? 

On average the debt collections process takes 90 days to resolve an amicable debt recovery case. There are a number of factors that can delay this process but we will keep you informed every step of the way. 

13. What are my options if debt collection in Greece is not successful? 

If the debt recovery service is not successful we will advise you of your options including legal actions. Please note no legal actions or other processes will be taken without prior instruction from you. 
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