Lawyer for Eurobank Professional and Corporate Loans: Businesses and Professionals

This page is for businesses, companies and self-employed professionals with debts to Eurobank. Professional and corporate loans, working capital, current accounts, bond loans and above all the personal guarantees of managers and partners lead to payment orders, seizures and auctions, often with larger amounts and immediate consequences for viability. Ioannis Papaioannou has defended businesses and professionals against banks, funds and servicers for more than 25 years.

Corporate loans and guarantees: what we check first

In a business debt to Eurobank, the file is almost always more complex than a residential case. We review the loan or credit agreement, the securities (prenotations, pledges, assignments), the amount of the claim and the legal standing of the party pursuing today, that is, whether the claim stayed with the bank or was transferred to a fund with a servicing company. Personal guarantees carry particular weight: when the entrepreneur, manager or partner has guaranteed, the extent and limits of their liability are checked separately. A guarantee is not always unlimited, nor always valid.

Protecting business property and equipment

In business cases not only the home is at risk, but also the business premises, the machinery, the goods, the business accounts and the very continuation of the activity. Every act of enforcement (garnishment, freezing of accounts, auction of fixed assets) is met with an objection and, where needed, an application for suspension. From the outset we check the legal standing, the transfer of the claim, the amount of the debt, the interest, the charges and every act of enforcement, aiming to keep the business standing while the substance is judged.

I received an extrajudicial notice, payment order or seizure on a Eurobank loan: the deadlines you must not miss

Not every document has the same legal weight. The termination of the contract is one thing, the payment order another and the seizure yet another. But each stage shows the case is moving and the time to react is shrinking.

Negotiation and settlement of corporate debts, aiming at viability

In a business debt, a settlement is not merely a matter of instalments. It is a matter of viability. Before any contact with Eurobank we check the legal standing, the real balance, the guarantees and the data of the business, so that the proposal rests on numbers that hold. The goal is a settlement served by real cash flow, with a debt write-off (haircut) where documented and a controlled extent of personal guarantees.

• The settlement must withstand time. A deal that looks good on paper but collapses on the second or third instalment is worthless. The proposal must be linked to the borrower's real financial capacity, the value of the security, the course of the claim and the data of the case.
• A debt write-off (haircut) is not asked for as a wish; it is documented as a negotiating goal when the elements of the case allow it.
• The price at which the fund acquired the loan from Eurobank, the history of the portfolio, the prospect of recovery, the value of the property and the existence of a judicial challenge are factors that can change the discussion.
• The best negotiation takes place when the borrower has already exercised, or is ready to exercise, their rights. A well-founded objection, an application for suspension or a serious judicial challenge changes the basis of the discussion: the other side knows that, if there is no agreement, the case will be decided in court.

For businesses, the best deal is the one that lets the business continue. A settlement that is served, guarantees that are bounded, judicial pressure where needed.

Objection and Suspension of Auction before the Courts of Thessaloniki and across Greece

Enforcement is not met with general protests, but with a targeted procedural review of every act, every document and every amount invoked by the pursuing side.

Our Law Office handles, on a daily basis, cases of objections, applications for suspension and auctions before the Courts of Thessaloniki and across Greek territory.

In every case we fully review the writ of payment, the seizure report, the documents of transfer of the claim, the servicing assignment, the analysis of the debt, the interest, the charges, the services and compliance with the lawful deadlines. An objection must not be a routine defence pleading. It must be procedurally precise, evidentially documented and adapted to the actual data of the specific file.

Where required, the objection is accompanied by an application for suspension, aiming to temporarily avert the auction until the substance of the dispute is judged. Suspension is not merely a means of delay. It is a procedural tool of protection, when there is a serious ground to annul the enforcement and a risk of irreparable harm from the immediate conduct of the auction.

Our goal is the immediate and full assessment of the file, the highlighting of the substantive and procedural defects, and the formation of a concrete strategy either to overturn the enforcement in court or to create a strong negotiating position against the bank, the claims acquisition company or the credit servicing company.

In auction cases, time is critical. The timely submission of documents and the immediate legal review can determine whether there is real room for objection, suspension or an out-of-court settlement.

FAQ: Businesses and Eurobank