A revised out-of-court debt settlement plan is set to launch in September, offering new opportunities for approximately one million indebted Greeks. The plan allows debtors to avoid foreclosure by offering properties as collateral, securing debt reduction, and lowering monthly installments. Crucially, the updated scheme extends eligibility to individuals who previously attempted a settlement but defaulted. This broadened access aims to provide a second chance for those struggling with debt. The program facilitates restructuring for smaller debts, offering a pathway to financial recovery. The initiative focuses on enabling debtors to retain their primary residences while managing outstanding obligations. This revised framework represents a significant expansion of existing debt relief measures in Greece.