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

(L to R) Atanas Atanasov, Kiril Petkov, Bozhidar Bozhanov, Nikolai Denkov from PP/DB

PP/DB: Boyko Borissov as PM is absolutely unacceptable

“We find the proposal of Boyko Borissov as premier of Bulgaria absolutely unacceptable, we are not going to be involved in any trading in positions.” This is the answer We Continue the Change/Democratic Bulgaria (PP/DB) gave to the proposal by GERB..

published on 11/26/24 9:12 AM

Weather forecast: Sunny weather, fog in some parts

During the night, the weather will be predominantly clear and calm. There will be fog or low clouds before midday in parts of the lowlands, valleys and around water basins. Minimum temperatures minus 4-1° C., for Sofia around minus 2° C. On..

published on 11/25/24 6:15 PM

Ursula von der Leyen mentions Bulgarian girl Debora on International Day for the Elimination of Violence against Women

Bulgarian Debora Mihaylova , who was brutally slashed with a mock knife by her boyfriend Georgi Georgiev , is one of the victims of violence mentioned by Ursula von der Leyen in her address on the occasion of the International Day for the Elimination of..

published on 11/25/24 5:09 PM