Podcast in English
Text size
Bulgarian National Radio © 2024 All Rights Reserved

The government approves draft law on personal bankruptcy

Photo: Archive

The Bulgarian cabinet has approved a draft law on the bankruptcy of persons, known as the "Personal Bankruptcy Law", announced the Minister of Justice Krum Zarkov. The texts enable bona fide debtors to free themselves from obligations beyond their control. The court has the right to determine a monthly alimony, not less than the minimum wage, so that the debtor and his family can meet their living needs. 

"This law comes to help people who have fallen into temporary difficulties to get a second chance, to get them out of a spiral in which the more they try, the more they sink into the mire of their debts," said Zarkov. To enter into force, the bill must also be approved by the parliament.



Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

Vice-President Iliana Iotova: This National Assembly lacks legitimacy

Speaking to journalists during her visit to the town of Gotse Delchev in the Blagoevgrad region, Vice-President Iliana Iotova described the newly elected National Assembly as "illegitimate".  According to her, the reports of violations and the..

published on 11/7/24 6:34 PM

Weather forecast: Daytime highs expected to increase by 1°C-2°C

On Friday, there will be fog in the valleys. The lowest temperatures will range between minus 5°C and 0°C, for Sofia around minus 3°C. It will be sunny during the day. The maximum temperatures will range from 14°C to 19°C, for Sofia around 16°C...

published on 11/7/24 5:20 PM
Borislav Gutsanov

BSP and ITN want to give the full rights for forming caretaker cabinet back to the president

BSP and ITN will ask the Constitutional Court to give the full rights to form a caretaker cabinet back to the president, Borislav Gutsanov from BSP - United Left has told the BNR. "BSP-United Left will be the guardians of the..

published on 11/7/24 4:01 PM