Bulgarian MPs Allow Lenders to Demand European Distraint Orders

Politics » DOMESTIC | January 26, 2017, Thursday // 12:23| Views: | Comments: 0
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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.

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Tags: European distraint order, distraint, Civil Procedural Code
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