Madrid, February 27 (EFE) .- The Deputy Prime Minister Soraya Saenz de Santamaria, said today that the Second Chance Act, adopted today by the Council of Ministers, aims to return to the Spaniards some of the efforts of the crisis and expand economic improvement for the most vulnerable sectors.
In the post-Cabinet, Sáenz de Santamaría conference has stressed that the law aims to normalize a situation of excessive indebtedness, and added that involves a fundamental change in the system of treatment.
In his view, is recognized for the first time a system to resolve insolvency individuals.
The vice president stressed that the law represents a quantum leap in the mechanisms to ensure that families can overcome a situation of debt and start again.
The Real Decree Law Second Chance Mechanism and Financial Burden Reduction Measures and other Social Order establishes a second chance in the insolvency field for debtors in good faith with fillers, including, for the first time, the particular.
Develop a permanent framework of personal insolvency, in line with the recommendations of the main international organizations and the European Union and relaxes and widens court settlements of payments to be more effective.
These agreements can access individuals and businesses and allows agreements to creditors to extend secured when attended the majorities provided.
For individual debtors a new exemption system more flexible and efficient debt is established, to be applied after the conclusion of a contest on or the failure of dough.
The new law relaxes the mediator, whose task will be to carry the negotiations and facilitate the restructuring of debts between the parties. The mediator will be appointed by a notary or registrar and in the case of companies mediation functions may be performed by the Chambers of Commerce.
The vice president said that “today our system will have mechanisms to achieve families to overcome as soon as possible debt situation and can start over “
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