Akti Miaouli, Piraeus · Alimos, Athens
عربيTR

Recovering debts in Greece

Recovering a debt from a company or individual in Greece.

For businesses, Greek or foreign, whose customer or debtor in Greece has stopped paying.

This page sets out the steps Greek law provides, in the order a creditor usually meets them: the formal demand, the payment order, the European procedures for cross-border claims, the ordinary action, enforcement against bank accounts, receivables and real estate, interim measures, limitation, and what changes if the debtor becomes insolvent. L+A, Latsoudis + Associates, has advised businesses since 1926 from Piraeus, with a second office in Alimos, Athens, and works in English and Greek.

In short

An unpaid invoice does not allow a creditor to seize anything. Enforcement in Greece requires an enforceable title (εκτελεστός τίτλος): a final or provisionally enforceable judgment, a payment order, a notarial deed, an arbitral award, a mediation settlement record, a foreign title that has been declared enforceable, or another act the law recognises as a title (Code of Civil Procedure art. 904).

For a money claim that is proved by documents, the quickest title is the payment order (διαταγή πληρωμής). It is issued on the creditor's application without the debtor being summoned, and it can be enforced once it carries the enforcement formula. Where the claim is not proved by documents, the creditor brings an ordinary action.

The procedure changed in 2026. For applications filed from 1 May 2026, a payment order is issued by a lawyer appointed by the court registry from a list of the local bar association, and no longer by a judge (art. 625; Law 5221/2025 art. 126(5), as amended by Law 5264/2025). The enforcement rules as amended by Law 5221/2025 apply where the demand that opens enforcement is served from 1 January 2026 (art. 126(7)).

Two things run in parallel with any of these steps. Interim measures can freeze the debtor's assets before a title exists. And the limitation period keeps running until one of the acts the Civil Code lists interrupts it; a demand letter is not one of them.

What to do first

Before any step is taken against the debtor, the creditor's own file should be put in order:

  1. 01

    The documents that show the claim and its amount: the contract or order, the invoices, proof of delivery, statements of account and any written acknowledgment of the debt. A payment order can be issued only on documents, and all of them must be attached to the application (Code of Civil Procedure arts 623, 626).

  2. 02

    The date on which the claim becomes time-barred. See the section on limitation below.

  3. 03

    The debtor's current position: the company's entry in the General Commercial Registry (ΓΕΜΗ) and any filing in the Electronic Solvency Registry (Law 4738/2020 art. 84). The checks are listed on our page on securing debts.

  4. 04

    Any security already held: a guarantee, a pledge, a pre-notation of mortgage, retention of title. What each gives on default is set out on our page on securing debts.

  5. 05

    The contract terms on jurisdiction, arbitration and governing law, which decide where and how the claim can be pursued. See our page on commercial contracts.

  6. 06

    A written acknowledgment of the debt, if the debtor is willing to give one. Acknowledgment of the claim by the debtor in any way interrupts limitation (Civil Code art. 260), and a signed document may later support a payment order.

01

Formal demand and interest

A debtor whose payment is due is in default once the creditor has made a judicial or out-of-court demand (Civil Code art. 340). Where a specific day was agreed for payment, default follows from the passing of that day, without a demand (art. 341).

In practice the demand is made by an out-of-court statement (εξώδικη δήλωση) served on the debtor by a court bailiff. Service of documents is carried out by a bailiff, who draws up a report recording the day and hour of service and the person who received the document (Code of Civil Procedure arts 122, 139). The statement sets out the claim, its basis and its amount, and usually gives a short period for payment.

From default, the creditor may claim default interest at the statutory or the agreed rate without proving any loss, and further actual loss if it proves it (art. 345). For commercial transactions between businesses, Law 4152/2013 has its own rules on when interest starts and at what rate; they are set out on our page on commercial contracts and are not repeated here.

From the service of an action or of a payment order, the debtor owes litigation interest, two percentage points above default interest. The two-point supplement does not apply if the debtor acknowledges the debt in writing or settles out of court before the hearing, or does not file an objection against the payment order (art. 346).

A demand does not stop time running. The acts that interrupt limitation are listed in articles 260 to 264 of the Civil Code, and an out-of-court demand is not among them.

02

The payment order (διαταγή πληρωμής)

When it is available. A payment order may be requested for a money claim in a private-law dispute, where the claim and the amount owed are proved by a public or private document (Code of Civil Procedure art. 623). The claim must not depend on a condition, a time-limit, a term or a counter-performance, and the amount must be definite (art. 624(1)). An order cannot be issued if it would have to be served on a person whose residence is unknown, unless that person has duly appointed an agent for service (art. 624(2)).

The application and the documents. The application states the claim and the exact amount, with any interest, whose payment is requested. It must mention and attach all the documents from which the claim and its amount result (art. 626(2)-(3)). Where the applicant relies on private documents, the person issuing the order may ask for the signatures to be certified by a notary or by witnesses (art. 627).

Who issues it. The application is filed with the registry of the court that has jurisdiction over the dispute (art. 626(1)). The registry appoints a lawyer who is a member of the bar association of that court's district, following the order of a list which the bar association draws up before each judicial year (art. 625, as replaced by Laws 5221/2025 and 5297/2026). This applies to applications filed from 1 May 2026; orders applied for until 30 April 2026 were issued by a judge (Law 5221/2025 art. 126(5), as amended by Law 5264/2025).

How it is decided. The appointed lawyer decides as soon as possible, without summoning the debtor, and may ask the applicant for explanations, additions or corrections (art. 627). If the legal conditions are not met, or the applicant does not comply, the application is rejected with brief reasons; a rejection does not prevent an action or a new application (art. 628). Otherwise the application is accepted to the extent that it is well founded in law and in fact, and the debtor is ordered to pay the amount owed and the costs of the proceedings (art. 629).

The order as a title. The order is drawn up in writing, is lodged with the registry of the court of first instance and receives the enforcement formula (arts 630, 918). It is then an enforceable title (arts 631, 904).

03

Service of the order, objection and suspension

  • Service: the payment order must be served on the debtor within two months of its issue. If it is not, it ceases to have effect automatically (art. 630Α, as amended by Law 5221/2025).
  • Objection (ανακοπή): the debtor may file an objection before the competent court of the place where the order was issued. The time limit is fifteen working days if the debtor's residence or seat is in Greece and thirty working days if it is abroad. The objection is heard under the procedure for property disputes (art. 632(1)-(2)).
  • No automatic stay: the objection does not suspend enforcement of the order. The court may, under the procedure for interim measures, grant a suspension with or without security until the final decision on the objection (art. 632(3), as replaced by Law 5282/2026).
  • Debtor abroad: where the order is issued against a person whose residence or seat is abroad, its enforceability is suspended for as long as the time limit for the objection runs. The creditor may nevertheless take the protective measures of article 724 in that period (art. 631).
  • Second service: if no objection is filed in time, the creditor may serve the order again. The debtor then has a further fifteen working days. If that period also passes, the order has the effects of res judicata and can be challenged only by an application to reopen the case (αναψηλάφηση) (art. 633(2)).
  • Limitation: service of the payment order interrupts limitation. If the order is later annulled, limitation is treated as suspended from the service of the order until the final decision on the objection (art. 634).
  • Protective measures on the order: on the basis of a payment order the creditor may register a pre-notation of mortgage and impose a conservative attachment, on assets in the debtor's or a third party's hands, for the amount of the order (art. 724(1)). The pre-notation itself is described on our page on securing debts.
  • If an order that has been enforced is annulled: where a final judgment on the objection annuls the order in whole or in part, the court orders, at the debtor's request, that matters be restored to their position before enforcement (art. 633(3)).
04

Cross-border claims: European Payment Order and European Small Claims

Where creditor and debtor are in different EU Member States, two European procedures are available as alternatives to the national ones. Neither replaces the Greek payment order or a Greek action; the creditor chooses (Regulation 1896/2006 art. 1(2); Regulation 861/2007 art. 1).

European order for payment (Regulation (EC) No 1896/2006):

  • It applies in civil and commercial matters in cross-border cases, meaning that at least one party is domiciled or habitually resident in a Member State other than that of the court seised (arts 2, 3). It does not apply in Denmark (art. 2(3)).
  • It is for money claims of a specific amount that have fallen due (art. 4). Claims arising from non-contractual obligations are in principle outside it (art. 2(2)(d)).
  • The application is made on a standard form and states the amount, any interest, the cause of action and a description of the evidence (art. 7). The court examines it on the basis of the form and issues the order as soon as possible, normally within thirty days (arts 8, 12).
  • The defendant has thirty days from service to send a statement of opposition, and does not have to give reasons (art. 16). If the order is opposed, the proceedings continue before the courts of the Member State of origin under the European Small Claims Procedure or the national civil procedure, unless the claimant has asked for them to end in that event (art. 17).
  • If the order is not opposed, the court declares it enforceable (art. 18). It is then recognised and enforced in the other Member States without a declaration of enforceability (art. 19), under the enforcement law of the State where it is enforced (art. 21).
  • Representation by a lawyer is not mandatory for the application or for the statement of opposition (art. 24).
  • European Small Claims Procedure (Regulation (EC) No 861/2007): it applies in cross-border civil and commercial cases where the value of the claim does not exceed EUR 5 000, excluding interest, expenses and disbursements (art. 2(1), as amended by Regulation (EU) 2015/2421). The procedure is written and starts with a standard claim form; the defendant has thirty days from service to respond (arts 4, 5). The judgment is enforceable notwithstanding any appeal (art. 15) and is recognised and enforced in another Member State without a declaration of enforceability (art. 20). Representation by a lawyer is not mandatory (art. 10).
  • Which court has jurisdiction is decided by the EU rules on jurisdiction and by the contract (Regulation 1896/2006 art. 6). In practice the choice between a Greek payment order, a European order and a judgment obtained in the creditor's own country turns on where the debtor's assets are and on what the contract says about jurisdiction.
05

An ordinary action where there is no document

Where the claim is not proved by documents or depends on a counter-performance, a payment order is not available and the creditor brings an action.

The action is brought by filing it with the registry of the court and serving a copy on the defendant. Unless otherwise provided, it must be served within thirty days of filing; an action not duly served in that period is treated as not brought (Code of Civil Procedure art. 215). A hearing date is fixed when the action is filed, between two hundred and two hundred and ten days after filing; where the action must be served abroad, it is the first hearing date after nine months and no later than the tenth month (art. 215(1), as amended by Laws 5221/2025, 5264/2025 and 5282/2026).

In the ordinary procedure the parties lodge their written pleadings and all their evidence within ninety days from the end of the period for service of the action, or one hundred and twenty days where the action is served abroad (arts 237, 238). The file is therefore complete well before the hearing.

The single-member court of first instance hears money disputes up to EUR 250 000 and the multi-member court those above that amount (arts 14, 18). Claims of up to EUR 8 000 follow the special provisions for small claims (art. 466).

A final judgment, or a judgment declared provisionally enforceable, is an enforceable title (art. 904). Whether a mediation session must come first, and what an arbitration clause changes, is covered on our page on mediation and arbitration.

06

Enforcement: from the title to seizure

Enforcement can take place only on a copy of the title that bears the enforcement formula (απόγραφο) (Code of Civil Procedure art. 918). It begins with service on the debtor of a copy of that document together with a demand to pay (επιταγή προς εκτέλεση), which is written beneath it and must state the claim precisely (art. 924).

No further act of enforcement may take place until three working days have passed from service of the demand. Once a year has passed from service, no act of enforcement can be based on that demand (art. 926).

The creditor then instructs a court bailiff on the title, stating the manner of enforcement and, if possible, the assets. For a seizure of movables or real estate the instruction appoints a certified notary before whom the auction will be held electronically (art. 927, as replaced by Law 5282/2026).

A money claim is enforced by seizing the debtor's property: movables, real estate, and claims or movables in the hands of third parties. The Code also provides for compulsory administration. Seizure may not extend to more than is needed to satisfy the claim and cover the costs of enforcement (art. 951).

Movables are seized by the bailiff, who draws up a report and has them valued. The first bid must be at least two thirds of the valuation, and the auction is set for five months after the seizure is completed, and in any event no later than six (art. 954, as amended by Laws 5221/2025 and 5282/2026). Things strictly necessary for the basic living needs of the debtor and the debtor's family, and the tools of those who live by their personal work, cannot be seized (art. 953(3)).

The debtor's objections. Objections to the title, to the procedure or to the claim are raised only by an objection (ανακοπή) before the single-member court of first instance. Its hearing is fixed within sixty days of filing and the decision is issued within sixty days of the hearing (art. 933). The main time limits are forty-five days from the seizure and, for the auction itself, thirty days from the auction of movables or sixty days from the registration of the summary of the award for real estate (art. 934). Where the title is a payment order, objections to its validity or to the claim are inadmissible unless they arose later and can no longer be raised against the order itself, or rest on an independent right; and a plea that the claim has been extinguished must be proved by documents or by admission in court (art. 933(4)-(5)).

Suspension. An objection does not itself stop enforcement. For assets other than real estate and perishable movables the court may suspend enforcement, with or without security, if enforcement would cause irreparable harm and the objection is likely to succeed. For seized real estate enforcement continues unless the court hearing a legal remedy orders suspension on a separate application. An application to suspend an auction is inadmissible unless it is filed at least fifteen working days before the auction (art. 938, as replaced by Law 5221/2025).

07

Bank accounts and claims in the hands of third parties

For a business creditor this is usually the first measure considered, because it reaches money directly.

  • What can be attached: the debtor's money claims against third parties that do not depend on a counter-performance, and the debtor's movables held by a third party (Code of Civil Procedure art. 982(1)). Bank deposits and sums owed to the debtor by its own customers are the usual cases.
  • How: the creditor's lawyer instructs a bailiff, who draws up a seizure report. A copy is served on the third party and on the debtor, and it orders the third party not to pay the debtor (art. 983(1), as replaced by Law 5282/2026). The copy for the debtor must be served within eight days of service on the third party, otherwise the attachment is void (art. 983(2)).
  • Banks: the document may be served at the bank's head office or at any branch. Banking secrecy does not apply against a creditor who is entitled to seize the depositor's property; it is lifted only for the amount needed to satisfy the creditor (art. 983(4)-(5)).
  • Effect: from service, the third party may not pay the debtor or set the claim off against a later claim. For money claims the prohibition covers only the amount for which the attachment was made (art. 984).
  • The third party's declaration: within eight days of service the third party must declare whether the claim exists and whether other attachments have been made (art. 985(1)). The declaration is filed electronically through the platform of the bailiffs' federation (art. 985(2), as replaced by Laws 5282/2026 and 5303/2026). Failure to declare counts as a negative declaration, and a third party who fails to declare or declares inaccurately is liable in damages to the creditor (art. 985(3)).
  • Payment: if the third party declares that the claim exists and is sufficient, it must pay the creditor once eight days have passed from notification of the attachment to the debtor, or thirty days if the debtor lives abroad (art. 988(1)). An affirmative declaration is itself an enforceable title against the third party (art. 985(2)).
  • Limits: wages, pensions and insurance benefits are exempt, also when they are paid into a bank account, within the limits the law sets; so is a partner's share in a partnership (art. 982(2)-(3)). These limits matter mainly where the debtor is an individual.
08

Real estate: seizure and electronic auction

Real estate owned by the debtor, or a right in rem of the debtor over real estate, can be seized (Code of Civil Procedure art. 992). The bailiff draws up a seizure report after visiting the property and describes it precisely; its value is its market value at the time of seizure (art. 993). A copy of the report is served on the debtor and, within five days of the seizure, on the land registry or Cadastre of the place where the property lies, where the seizure is recorded (art. 995(1)-(2)).

The first bid is the market value of the property as determined by a certified valuer (art. 995(1), (4)). The auction is fixed for seven months after the seizure is completed, and in any event no later than eight months (art. 993(2), as amended by Law 4842/2021). A summary of the seizure report is published, by the fifteenth day after the seizure, on the auctions page of the Judicial Publications Bulletin and is served on the mortgage creditors (art. 995(4)).

The auction is electronic. It is conducted through the electronic auction systems by a notary certified for that purpose (arts 998(1), 959). Electronic auctions are held only on a working Wednesday, Thursday or Friday, from 10:00 to 12:00 and from 14:00 to 16:00 (art. 959(8)). No auction of real estate is held from 1 to 31 August, or in the week before and the week after an election (art. 998(2)).

Bidders must be certified in the systems and must deposit security equal to thirty per cent of the first bid (arts 959(4)-(5), 965(1)). The successful bidder pays the price no later than the tenth working day after the auction (art. 1004(1)).

On the debtor's application, the court may allow the property to be sold to a buyer the debtor proposes, at a price the court sets, which may not be lower than seventy per cent of the first bid (art. 998(6), as replaced by Law 5221/2025).

Other creditors of the debtor may announce their claims; the announcement must be served no later than fifteen days after the auction (art. 972(1)). How the proceeds are then divided between secured, privileged and unsecured creditors is set out on our page on securing debts.

09

Interim measures before a title exists

In urgent cases, or to avert an imminent danger, the courts may order interim measures to secure a right (Code of Civil Procedure art. 682). The application states the measure requested and the facts that make the right and the danger probable; for a money claim it states the amount (art. 688). Two measures matter most to a creditor:

  • Conservative attachment (συντηρητική κατάσχεση): of movables, real estate, claims and in general all the debtor's assets, whether in the debtor's hands or a third party's (art. 707). Once it is imposed, the debtor cannot validly dispose of the attached asset as against the creditor; for money claims, up to the amount attached (art. 715(1)).
  • Pre-notation of mortgage (προσημείωση υποθήκης): the court may order it as an interim measure and must state the amount it secures (art. 706). What it gives and how it is converted into a mortgage is covered on our page on securing debts.
  • Provisional order: from the filing of the application until its decision, the court may issue a provisional order on the measures to be taken in the meantime. If it does, the application is heard within thirty days (art. 691Α).
  • The follow-up deadline: where an interim measure is ordered before the main action, the judge may set a period for bringing the action, not shorter than sixty days from publication of the decision. If the period passes, the measure is lifted automatically, unless the creditor has served a payment order within it (art. 693, as amended by Law 4842/2021). For a conservative attachment, the creditor must bring the main action within thirty days from service of the attachment document on the debtor. No action is needed if one is already pending, if the attachment was based on a payment order, or if a payment order is served within that period (art. 715(5)).
  • With a title: a creditor who holds a judgment on the merits (οριστική απόφαση), even one not yet final, or a payment order may register a pre-notation and impose a conservative attachment for the amount awarded, without a separate court decision (art. 724(1)). When the main action succeeds and the judgment is enforceable, the creditor proceeds to auction without a new seizure; a claim attached in a third party's hands passes to the creditor once the judgment is final (art. 722, as replaced by Law 5221/2025).
  • Bank accounts in another Member State: the European Account Preservation Order (Regulation (EU) No 655/2014) prevents the transfer or withdrawal of funds, up to the amount of the order, from an account held in another Member State (art. 1). It is available before proceedings on the substance, during them, or after a judgment (art. 5). The debtor is not notified or heard before the order is issued (art. 11). The creditor must show an urgent need for protection because of a real risk to later enforcement and, where it has no judgment yet, that it is likely to succeed on the substance; in that case the court requires security from the creditor, unless it finds security inappropriate in the circumstances (arts 7, 12).
10

Limitation periods

The periods themselves are set out on our page on commercial contracts: twenty years as the general rule, and five years, counted from the end of the year, for most claims of merchants, manufacturers, service providers and carriers and for interest and rent (Civil Code arts 249, 250, 253). For a creditor who is recovering a debt, what matters is which acts interrupt the period and what follows:

  • Bringing an action interrupts limitation. It starts again from the final judgment or from the end of the proceedings in another way. If the parties do not move the proceedings forward, it starts again six months after the last procedural act (art. 261).
  • Service of a payment order interrupts limitation (Code of Civil Procedure art. 634).
  • Acknowledgment of the claim by the debtor, in any way, interrupts limitation (Civil Code art. 260).
  • So do the service of a demand to pay under an enforceable title, the lodging of the claim for verification in a bankruptcy, the announcement of the claim for ranking in an auction, and the raising of the claim as a set-off (art. 264).
  • After an interruption the time already run does not count and a new period begins; for the five-year claims of article 250 it begins at the end of the year in which the interruption ended (art. 270).
  • A claim confirmed by a final judgment or by an enforceable public document is time-barred after twenty years, even if the claim itself was subject to a shorter period (art. 268).
  • The court does not take limitation into account of its own motion; the debtor must raise it. What was paid without knowledge that the claim was time-barred cannot be reclaimed (arts 272, 277).
  • Cheques, bills of exchange and some particular contracts have their own, shorter periods under special laws. They are not covered here and should be checked for the instrument in question.
11

If the debtor becomes insolvent

Bankruptcy is governed by Law 4738/2020. A debtor is declared bankrupt when it is in cessation of payments, that is, unable to meet its due money obligations in a general and permanent way (art. 77). From the declaration, all individual measures by creditors to obtain payment of their claims are stayed automatically: enforcement may not start or continue, and actions may not be brought or continued. Acts in breach of the stay are void (art. 100). The position of creditors who hold security, and the risk to security taken shortly before bankruptcy, are covered on our page on securing debts.

From that point the creditor's step is to lodge the claim (αναγγελία):

  • Time limit: three months from publication of the declaration of bankruptcy, which means its entry in the Electronic Solvency Registry. The period does not run from 1 to 31 August (arts 153(1), 84(2)).
  • Where: the claim is lodged in the Electronic Solvency Registry (art. 154(1)). The insolvency administrator (σύνδικος) must inform the known creditors in writing and invite them to lodge (art. 152(2)).
  • Content: the kind and cause of the claim, when it arose, its amount, whether it is privileged or secured and over which assets, and whether there is a retention of title. The creditor must also appoint an agent for service in the district of the bankruptcy court (art. 154(2)).
  • Creditors abroad: a creditor whose habitual residence, domicile or seat is abroad must provide a certified Greek translation of its lodging; the certification may be made by a lawyer (art. 154(3)).
  • Late lodging: a creditor who missed the period may ask the bankruptcy court, by objection and at its own cost, to verify the claim. This is possible until the last distribution and in no case later than six months after the end of the lodging period, and gives no share in distributions already ordered (art. 153(3)-(4)).
  • Secured creditors: a creditor whose claim carries security in rem or a special privilege does not lose its action in rem by failing to lodge (art. 153(2)).
  • Verification: the administrator verifies the lodged claims within three months from the end of the lodging period (art. 155(1)). Lodging a claim for verification interrupts limitation (Civil Code art. 264).
12

Enforcing a foreign judgment in Greece

Judgments from EU Member States. Under Regulation (EU) No 1215/2012 (Brussels I bis), which applies to proceedings instituted on or after 10 January 2015 (art. 66), a judgment that is enforceable in the Member State where it was given is enforceable in Greece without a declaration of enforceability (art. 39). The creditor gives the enforcement authority a copy of the judgment and the certificate issued by the court of origin (arts 42, 53). The certificate is served on the debtor before the first enforcement measure (art. 43). From there enforcement follows Greek law, on the same conditions as a Greek judgment (art. 41), and the judgment carries the power to take the protective measures available in Greece (art. 40).

The debtor may apply for enforcement to be refused on the grounds of article 45: that recognition is manifestly contrary to public policy; that a judgment in default was given without the defendant having been served in time to prepare a defence; that the judgment is irreconcilable with another judgment; or that certain rules of protective or exclusive jurisdiction were not respected (arts 45, 46).

Judgments from other countries. Subject to international conventions and EU regulations, a foreign title can be enforced in Greece once it has been declared enforceable by the single-member court of first instance of the debtor's domicile or, failing that, residence, or otherwise that of the capital, in non-contentious proceedings (Code of Civil Procedure art. 905(1)). The title must be enforceable under the law of the place where it was issued and must not be contrary to morality or public policy (art. 905(2)).

If the title is a court judgment, further conditions apply: under Greek rules the case must have fallen within the jurisdiction of the courts of the State of origin; the losing party must not have been deprived of the right to defend itself; the judgment must not conflict with a Greek judgment in the same case that is res judicata between the same parties; and it must not have been given in proceedings brought to deter public participation (arts 323, 905(3), as amended by Law 5326/2026).

Whether a convention applies between Greece and the country of origin has to be checked first, since article 905 gives way to it. Foreign arbitral awards follow separate rules and are not covered here.

13

What L+A does

We act for creditors, Greek and foreign, from the first assessment of the claim to the distribution of the proceeds. The work is led by senior lawyers of the firm, who deal with the client directly, in English or Greek.

  • Assessment of the claim: the documents, the limitation date, the debtor's standing in ΓΕΜΗ and the Electronic Solvency Registry, and the security available.
  • Formal demands, settlement agreements and written acknowledgments of debt.
  • Payment orders, the defence of objections against them, and ordinary actions where no payment order is available.
  • Interim measures: conservative attachment and pre-notation of mortgage in Greece, and European Account Preservation Orders for accounts in other Member States.
  • Enforcement: attachment of bank accounts and receivables, seizure of movables and real estate, electronic auctions and the ranking of the claim.
  • Cross-border recovery: European orders for payment, the European Small Claims Procedure, and the enforcement of foreign judgments in Greece.
  • Insolvency: lodging the claim and supporting it through verification.
14

Scope of this page

This page covers the recovery of commercial money claims under Greek law and the EU regulations named. It does not cover consumer credit, claims by or against the State, the collection of taxes and social security contributions, employment claims, the arrest of ships, or the out-of-court debt settlement mechanism. Recovery of unpaid rent is covered on our page on tenants who do not pay. This is general information, not legal advice; which route is available and how long it takes depend on the documents, the debtor and the court in each case. Reviewed on 11 November 2026.

15

Sources

Statutes and regulations for the facts on this page:

  • Code of Civil Procedure (π.δ. 503/1985, Gazette Α' 182/24.10.1985), arts 14, 18, 122, 139, 215, 237, 238, 323, 466, 623-636, 682, 688, 691Α, 693, 706, 707, 715, 722, 724, 904, 905, 918, 924, 926, 927, 933, 934, 938, 951, 953, 954, 959, 965, 972, 982-985, 988, 992, 993, 995, 998, 1004, as in force on 11 November 2026
  • Law 4335/2015 (Gazette Α' 87/23.7.2015), which amended the special procedures (arts 591-645) and the enforcement rules of the Code with effect from 1.1.2016: https://ia37rg02wpsa01.blob.core.windows.net/fek/01/2015/20150100087.pdf
  • Law 4842/2021 (Gazette Α' 190/13.10.2021), arts 691Α, 693, 993, 995: https://ia37rg02wpsa01.blob.core.windows.net/fek/01/2021/20210100190.pdf
  • Law 5134/2024 (Gazette Α' 146/11.9.2024), arts 14, 18, 215, 466, 983, 985, 988: https://ia37rg02wpsa01.blob.core.windows.net/fek/01/2024/20240100146.pdf
  • Law 5221/2025 (Gazette Α' 133/28.7.2025), arts 625-631, 630Α, 633, 904, 918, 927, 933, 934, 938, 953, 954, 959, 988, 998, 722 of the Code; transitional art. 126: https://ia37rg02wpsa01.blob.core.windows.net/fek/01/2025/20250100133.pdf
  • Law 5264/2025 (Gazette Α' 239/19.12.2025), art. 114 (art. 126 of Law 5221/2025: payment orders issued by appointed lawyers for applications from 1.5.2026) and arts 215, 933 of the Code: https://ia37rg02wpsa01.blob.core.windows.net/fek/01/2025/20250100239.pdf
  • Law 5282/2026 (Gazette Α' 30/27.2.2026), arts 215, 238, 626, 632(3), 927, 954, 983, 985 of the Code; repeal of art. 632(6): https://ia37rg02wpsa01.blob.core.windows.net/fek/01/2026/20260100030.pdf
  • Law 5297/2026 (Gazette Α' 64/28.4.2026), art. 254 (art. 625 of the Code): https://ia37rg02wpsa01.blob.core.windows.net/fek/01/2026/20260100064.pdf
  • Law 5303/2026 (Gazette Α' 81/22.5.2026), arts 626, 985 of the Code: https://ia37rg02wpsa01.blob.core.windows.net/fek/01/2026/20260100081.pdf
  • Law 5326/2026 (Gazette Α' 125/4.8.2026), art. 14 (arts 323, 905(3) of the Code): https://ia37rg02wpsa01.blob.core.windows.net/fek/01/2026/20260100125.pdf
  • Law 5344/2026 (Gazette Α' 168/16.10.2026), arts 237, 904(2) of the Code: https://ia37rg02wpsa01.blob.core.windows.net/fek/01/2026/20260100168.pdf
  • Civil Code (π.δ. 456/1984, Gazette Α' 164), arts 249, 250, 253, 260, 261, 264, 268, 270, 272, 277, 340, 341, 345, 346
  • Law 4738/2020 (Gazette Α' 207/27.10.2020), insolvency, arts 77, 84, 100, 152-155, as in force: https://ia37rg02wpsa01.blob.core.windows.net/fek/01/2020/20200100207.pdf
  • Regulation (EC) No 1896/2006 (European order for payment), arts 1-4, 6-8, 12, 16-19, 21, 24, consolidated version of 1.5.2025: https://eur-lex.europa.eu/eli/reg/2006/1896/oj
  • Regulation (EC) No 861/2007 (European Small Claims Procedure), arts 1, 2, 4, 5, 10, 15, 20, consolidated version of 1.5.2025, as amended by Regulation (EU) 2015/2421: https://eur-lex.europa.eu/eli/reg/2007/861/oj
  • Regulation (EU) No 655/2014 (European Account Preservation Order), arts 1, 5, 7, 11, 12: https://eur-lex.europa.eu/eli/reg/2014/655/oj
  • Regulation (EU) No 1215/2012 (Brussels I bis), arts 39-43, 45, 46, 53, 66: https://eur-lex.europa.eu/eli/reg/2012/1215/oj
→

Securing debts: mortgage, pledge, guarantee

→

Commercial contracts: interest, limitation, jurisdiction

→

A tenant in Greece is not paying rent

→

Mediation and arbitration for business disputes

→

Doing business in Greece from abroad

→

Commercial and corporate law

→

Proactive Support (ongoing legal support)

→

Business lawyer in Greece

FAQ

Questions clients ask

Is a court judgment needed before a debtor's assets can be seized in Greece?

An enforceable title is needed, and a judgment is only one kind. A payment order, a notarial deed, an arbitral award and a mediation settlement record are also enforceable titles (Code of Civil Procedure art. 904). For a money claim proved by documents the payment order is usually the quickest.

Who issues a payment order in Greece?

For applications filed from 1 May 2026, a lawyer appointed by the court registry from a list drawn up by the local bar association. Earlier applications were decided by a judge (Code of Civil Procedure art. 625; Law 5221/2025 art. 126(5), as amended by Law 5264/2025).

How long does the debtor have to object to a payment order, and does the objection stop enforcement?

Fifteen working days from service if the debtor's residence or seat is in Greece, thirty if it is abroad. The objection does not suspend enforcement; the court may grant a suspension, with or without security, on a separate application (Code of Civil Procedure art. 632).

Can a debtor's bank account in Greece be frozen before there is a judgment?

Yes, if a court orders a conservative attachment as an interim measure, which requires urgency or an imminent danger. The creditor must then bring the main action within thirty days of service of the attachment on the debtor, or serve a payment order within that period (Code of Civil Procedure arts 682, 707, 715). A creditor who already holds a payment order can attach without a separate court decision (art. 724).

Does a demand letter interrupt the limitation period?

No. Limitation is interrupted by an action, by service of a payment order, by the debtor's acknowledgment of the claim and by the other acts listed in the Civil Code (arts 260-264; Code of Civil Procedure art. 634). An out-of-court demand puts the debtor in default (art. 340) but is not one of those acts.

Our company is in another EU country. Must the claim be brought in Greece?

Not necessarily. Which court has jurisdiction depends on the EU rules and on the contract. A judgment that is enforceable in another Member State is enforceable in Greece without a declaration of enforceability (Regulation 1215/2012 art. 39), and the same holds for a European order for payment (Regulation 1896/2006 art. 19). Enforcement itself then follows Greek law.

The debtor has been declared bankrupt. What can a creditor still do?

Individual enforcement is stayed from the declaration (Law 4738/2020 art. 100). The creditor lodges its claim in the Electronic Solvency Registry within three months from publication of the declaration; August does not count (arts 153, 154). A creditor abroad provides a certified Greek translation.

Contact

To discuss the recovery of a debt in Greece, write to business@latsoudislaw.com or use the form below. A lawyer of the firm will reply by email.

Send us your question

Tell us about your case. A lawyer of the firm will reply by email.

Your message goes only to the lawyers of the firm and is used only to reply to you. You may write in Greek or English.

Related practice areas

Anti-bribery & anti-corruptionAn anti-bribery programme built around your real risks. Anti-money launderingAML compliance that holds up when the supervisor asks. Business lawyer in GreeceA business lawyer for companies operating in Greece. Commercial contractsCommercial contracts in Greece: what Greek law means for your contract. Commercial & corporate lawCorporate lawyers in Greece: from setting up the company to selling it. Company formation in Greece for foreign investorsForming a Greek company from abroad: the procedure, step by step. Corporate governanceCorporate lawyers for Greek companies, their boards and their shareholders. Data protection & NIS2GDPR and NIS2: what your company actually has to do. Update: disqualified directorsGreece's Register of Disqualified Directors: what boards and shareholders should check. Doing business in Greece from abroadLegal counsel for foreign companies and business owners entering Greece. Foreign investment screening in GreeceForeign investment screening in Greece: when an investment must be cleared before closing. 2026 general meetings2026 general meetings: the deadline is extended by 30 calendar days. Employment law in Greece for foreign employersHiring employees in Greece as a foreign company: the legal steps for the employer. Technology & AITechnology contracts that match how the system really works. Mediation & arbitrationMediation and arbitration for business disputes in Greece. NIS2 complianceNIS2 in Greece: the legal side of cybersecurity compliance. Lawyer on retainerA lawyer on retainer for your company: what Greek law provides. Securing debts in GreeceSecurity for debts owed by a Greek company or individual. Selling or buying a companyOwnership changes. The value should stay. Shipping & maritimeLegal advice for shipping businesses, from Akti Miaouli in Piraeus. WhistleblowingAn internal reporting channel that meets the law and earns employees' trust.