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October 27, 2021

 

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Czech Republic: Conditions for leaving the debt trap may be relaxed

28.3.2018 7:13 The conditions for people in the Czech Republic to leave the debt trap may become more relaxed. The lower house, despite criticism from members of the Civic Democratic Party (ODS), has supported the Government's amendments to the bankruptcy law that will make it possible for debtors to enter the debt relief process irrespective of how much they owe.  full story

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Czech Government supports amendment to insolvency law to make debt relief more accessible

10.2.2017 6:59 Borrowers in the Czech Republic may become able to enter debt relief processes irrespective of the amount of debt they owe. The process could take either three, five or seven years, depending on the circumstances of the debt.  full story




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