No. Within 30 days after the out-of-court arrears settlement procedure (OASP) has been initiated, credit institutions are obliged to assess the financial capacity of bank customers and to communicate the results of that assessment to them.

In the light of this assessment, the institution may conclude that it is not feasible to submit proposals and must inform the customer accordingly.

If the bank customer has the financial capacity to settle the default situation, the credit institution must propose one or more solutions for restructuring the credit agreement or consolidating the agreement with other credit agreements held by the bank customer.