NEWS

Indebted bank customers may be able to avoid court

Bank customers who are not able to repay their loans will go through a process of mediation rather than being taken to court, according to a proposal by Justice Minister Antonis Roupakiotis Friday.

He has suggested the government allow special mediation teams to be set up at bar associations across the country, allowing the lawyers involved to settle disputes between banks and customers who cannot repay their debts.

This move would also have the benefit of lightening the load on justice of the peace courts, where tens of thousands of debt cases have piled up, Roupakiotis argues.

Under the proposal, citizens applying for mediation would have to pay a small cost that has not been made known yet.