Over 80% of Bulgarians Want a Law on Private Bankruptcy

Politics » DOMESTIC | March 27, 2018, Tuesday // 14:52
Bulgaria: Over 80% of Bulgarians Want a Law on Private Bankruptcy Archive

Over 80% of Bulgarian citizens want an introduction of a law on private bankruptcy. This was announced by Ombudsman Maya Manolova.

"A law that regulates the insolvency of individuals, a huge percentage that is adequate to the huge problem that Bulgarians have difficulty paying their loans - to banks, to fast loan companies, leasing houses, including household bills, "she added.

"800 million leva are consumer loans, which have a service problem and are reported as" bad ", explained Manolova.

The first and the main condition for a person to enter a civil insolvency procedure is to be over-indebted, the Ombudsman commented.

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Tags: Law, private bankruptcy, Ombudsman
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