Eligibility Tool

Natural Person or Legal Entity?(Required)

Natural Person

Legal Entity

Permanent Residence in Cyprus?(Required)

Yes

It appears that you might not be eligible to use the Department of Insolvency’s tools.

Please contact the Department of Insolvency or an Insolvency Practitioner for further information.

Is the Company registered in Cyprus?(Required)

Yes

It appears that the company is not registered in the Republic of Cyprus and, therefore, you might not be eligible to utilize the Department of Insolvency’s tools .

Please contact the Department of Insolvency or an Insolvency Practitioner for further information.

Has a Liquidation Resolution or Court Order been issued for the company in the past?(Required)

Yes

It appears that the company is under a Liquidation process.

Please contact the Department of Insolvency or an Insolvency Practitioner for further information.

Is the company’s unsecured debt(s) greater than €5.000?(Required)

Yes

Is the company, or is it likely that the company will be, unable to repay its debt(s) in the future?(Required)

Yes

Note: the company is unable to pay its debts as they become due, taking into account the company’s potential and future liabilities, or if it is shown, to the satisfaction of the court, that the value of the company’s assets is less than its liabilities.

It appears that the company might not be eligible for Examinership .

Please contact an Insolvency Practitioner to examine the possibility of a settlement with your creditors. Such a settlement may prevent the risk of Liquidation.

Is there a reasonable prospect of the company surviving (in whole or in part) as an active financial entity?(Required)

Yes

It appears that the company might not be eligible for Examinership .

Please contact an Insolvency Practitioner to examine the possibility of a settlement with your creditors. Such a settlement may prevent the risk of Liquidation.

It appears that the company might be eligible for Examinership.

Please contact the Department of Insolvency or an Insolvency Practitioner for further information.

Note: It appears that your creditor may file a claim for Liquidation of the company. Contacting your creditor(s) for a settlement might prevent such action.

It appears that the company might be eligible for Examinership.

Please contact the Department of Insolvency or an Insolvency Practitioner for further information.

Have you used any of the Insolvency Department’s services in the past?(Required)

Bankruptcy

PIA

DRO

None of the above

Has the process been completed and have you been rehabilitated?(Required)

Yes

It appears that you might not be eligible to use the Department of Insolvency’s tools.

Please contact the Department of Insolvency or an Insolvency Practitioner for further information .

Rehabilitation Date(Required)

More than 5 years

Less than 5 years

It appears that you might not be eligible to use the Department of Insolvency’s tools.

Please contact the Department of Insolvency or an Insolvency Practitioner for further information .

Approval Date(Required)

Until 3 years

3 to 5 years

More than 5 years

It appears that you might not be eligible to apply for a Debt Relief Order (DRO). However, you could further examine your eligibility for a Personal Insolvency Arrangement (PIA).

Please contact an Insolvency Practitioner and the Department of Insolvency for further information.

Submit a PRP application online (in Greek only)

Is the value of your assets over €1.000?(Required)

Yes

Note only for DRO (Debt Relief Order): Vehicles worth up to a total of €4.000 and work equipment worth up to €6.000 are not taken into account when calculating the value of assets.

Is your net monthly income up to €200?(Required)

Yes

Note: To calculate the Net Monthly Income, deduct the Reasonable Living expenses, Income Taxes and Social Insurances.

It appears that you might not be eligible to use the Department of Insolvency’s tools.

Please contact the Department of Insolvency or an Insolvency Practitioner for further information.

It appears that you might not be eligible to use the Department of Insolvency’s tools.

Please contact the Department of Insolvency or an Insolvency Practitioner for further information.

It appears that you might not be eligible to apply for a Debt Relief Order (DRO). However, you could further examine your eligibility for a Personal Insolvency Arrangement (PIA).

Please contact an Insolvency Practitioner and the Department of Insolvency for further information.

Submit a PRP application online (in Greek only)

It appears that you might not be eligible to apply for a Debt Relief Order (DRO). However, you could further examine your eligibility for a Personal Insolvency Arrangement (PIA).

Please contact an Insolvency Practitioner and the Department of Insolvency for further information.

Submit a PRP application online (in Greek only)

It appears that you might not be eligible to apply for a Debt Relief Order nor a Personal Insolvency Arrangement.

Please contact the Department of Insolvency and an Insolvency Practitioner to gain further information and explore other possible solutions to your financial difficulties.

If your non performing unsecured debt(s) exceed the amount of €15.000, there is a possibility to face Bankruptcy

It appears that you might not be eligible to apply for a Debt Relief Order nor a Personal Insolvency Arrangement.

Please contact the Department of Insolvency and an Insolvency Practitioner to gain further information and explore other possible solutions to your financial difficulties.

If your non performing unsecured debt(s) exceed the amount of €15.000, there is a possibility to face Bankruptcy.

It appears that you might not be eligible to apply for a Debt Relief Order nor a Personal Insolvency Arrangement.

Please contact the Department of Insolvency and an Insolvency Practitioner to gain further information and explore other possible solutions to your financial difficulties.

If your non performing unsecured debt(s) exceed the amount of €15.000, there is a possibility to face Bankruptcy.

It appears that you might be eligible to apply for a Personal Insolvency Arrangement (PIA) and a Debt Relief Order (DRO).

Please contact the Department of Insolvency and an Insolvency Practitioner for further information.

Submit a DRO application online (in Greek only)

Submit a PRP application online (in Greek only)

It appears that you have participated in a Personal Insolvency Arrangement in the past 20 years. Therefore it appears that you might not be eligible to reapply for a Personal Insolvency Arrangement at this stage.

It seems though that you might be eligible to apply for a Debt Relief Order (DRO). For more details, please explore the below resources .

Please contact the Department of Insolvency and an Insolvency Practitioner for further information.

Submit a DRO application online (in Greek only)

Eligibility Tool

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