romea - logo
May 25, 2018
Loading
extended search

Czech Government approves bankruptcy amendment bill adjusting conditions for debt relief

21.1.2018 9:05
Robert Pelikán (PHOTO: www.online.muni.cz)
Robert Pelikán (PHOTO: www.online.muni.cz)

On 18 January it was reported by news server justice.cz that the Czech Government has approved a so-called debt relief amendment to bankruptcy legislation that will significantly change the conditions for debt relief. The amendment will make the process of declaring bankruptcy accessible to a broader circle of debtors who are making a good-faith effort to pay off their obligations and will aid people in the so-called debt trap.

At the same time, however, the bill counts on debtors being actively involved in economic activity and urges them to behave responsibly. "This is an offer for debtors who are motivated and want to return to the normal economy. Instead of the state sending them welfare, they will pay the state taxes. The new rule is not at all a debt amnesty, but a system for the honest repayment of almost all the debtors' earnings to creditors over the course of seven years," Czech Justice Minister Robert Pelikán said after the cabinet session.

According to the news rules, it will suffice for a debtor to offer collateral to creditors to repay debts and for the debtor to expend all efforts to paying them off over the next seven years. The amendment also facilitates faster debt relief for debtors who pay at least 50 % of the obligations held by their unsecured creditors in three years.

The bill had already been submitted to the Chamber of Deputies by the previous Government. Because of the autumn elections to the lower house, however, the process of submitting the bill had to be repeated, and now the bill will proceed to the Chamber's Organizational Committee and then to a first reading

bau, justice.cz, translated by Gwendolyn Albert
Views: 341x

Don't miss:

Related articles:

Tags:  

dluh, ministr spravedlnosti, Robert Pelikán, zákon



HEADLINE NEWS

--ilustrační foto--

Pre peskere pindre: Romani leaders in Czech Republic learn how to avoid financial transactions with those who humiliate Roma

10.5.2018 8:56
A week-long education program in South Bohemia focused primarily on fundraising was attended recently by 16 leading figures from the nonprofit world, most of them Romani. The intensive, interactive development program, which featured education based in experiential learning and self-exploration and which was led by instructors from the Czech Fundraising Center, took place as part of a two-year program entitled "Pre peskere pindre" (On Your Own Feet).
 full story

--ilustrační foto--

Emiliya Dancheva: Can we trust the European Parliament if its members are deaf and blind to anti-Gypsyism in Bulgaria?

9.5.2018 6:55
One year ago, the leader of the Citizens for European Development of Bulgaria (GERB) party, Mr Boyko Borissov, became Prime Minister of Bulgaria for the third time since 2009, forming an unprecedented ruling coalition with nationalistic and xenophobic parties (VMRO, ATAKA and NFSB).
 full story

--ilustrační foto--

Irena Biháriová: Comprehending the matrix of a Romani settlement in Slovakia is not easy

8.5.2018 16:27
Before I visit a Romani settlement, I always tell myself that being confronted by the poverty cannot startle me anymore. I have seen so much over the years that it will be possible for me to maintain my professional distance.
 full story

Discussion:

Každý diskutující musí dodržovat PRAVIDLA DISKUZE SERVERU Romea.cz. Moderátoři serveru Romea.cz si vyhrazují právo bez předchozího upozornění skrýt nevhodné příspěvky z diskuse na Romea.cz. Ty pak budou viditelné jen pro vás a vaše přátele na Facebooku. Při opakovaném porušení pravidel mohou moderátoři zablokovat zobrazování vašich příspěvků v diskusích na Romea.cz ostatním uživatelům.

More articles from category







..
romea - logo