Bulgarian MPs Allow Lenders to Demand European Distraint Orders

Politics » DOMESTIC | January 26, 2017, Thursday // 12:23| Views: | Comments: 0
  • Send to Kindle
Bulgaria: Bulgarian MPs Allow Lenders to Demand European Distraint Orders File photo, BGNES

Lawmakers in Bulgaria have passed legislation giving creditors the right to ask courts to issue a European distraint order for debtors' assets.

The order can be demanded before the debt litigation has been filed with a first-instance court.

Full and partial refusal to issue such an order can be appealed according to the newly-adopted provisions, Focus News Agency reports.

Distraint orders will be received and handed by bailiffs, according to Thursday's Civil Procedural Code amendments.

Domestic » Be a reporter: Write and send your article
Tags: European distraint order, distraint, Civil Procedural Code
Expats.bg All Are Welcome! Join Now!
Advertisement
Advertisement
Please, log in to post a comment.
» To the forumComments (0)
Bulgaria news Novinite.com (Sofia News Agency - www.sofianewsagency.com) is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." Novinite.com (Sofia News Agency - www.sofianewsagency.com) and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria