The Bulgarian Government approved a Draft Law on Personal Bankruptcy
The caretaker cabinet approved the draft law on the bankruptcy of natural 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. Within the proceedings, the court has the right to determine a monthly allowance, not less than the minimum wage, so that the debtor and their family can meet their living needs, explained Zarkov.
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