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DEBT DISCHARGE

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Law On Debt Discharge Brings No Solution To Vulnerable Social Groups - Study
Banks-Insurance

Law On Debt Discharge Brings No Solution To Vulnerable Social Groups - Study

The current version of the law on debt discharge brings no alternative for vulnerable social groups whose dwelling conditions could by highly affected, according to a study by Public Policie...

Gabriela Stan · 07.04.2016 · 17:54 · 1 min
Chamber of Deputies’ Legal Committee Adopts Law On Debt Discharge
Banks-Insurance

Chamber of Deputies’ Legal Committee Adopts Law On Debt Discharge

The legal committee of the Chamber of Deputies has adopted the law on debt discharge on Tuesday, deciding that it will also be applicable to properties subject to foreclosure procedures.

Gabriela Stan · 05.04.2016 · 15:28 · 1 min
Survey: Most Romanians Want Proposed Debt Discharge Law To Benefit Only People Owning One Home
Banks-Insurance

Survey: Most Romanians Want Proposed Debt Discharge Law To Benefit Only People Owning One Home

More than three quarters of Romanians (77%) say the proposed law on debt discharge should benefit only people who can no longer pay back their loans, not those who no longer want to pay, as...

Ecaterina Craciun · 05.04.2016 · 11:53 · 1 min
ING: Markets To Remain Cautious Ahead Of Talks On Debt Discharge Law
Capital Market

ING: Markets To Remain Cautious Ahead Of Talks On Debt Discharge Law

Markets will remain cautious ahead of Tuesday’s talks on the debt discharge bill at the Chamber of Deputies, according to ING Bank economists, which expect an apathetic trading session, at v...

Gabriela Stan · 04.04.2016 · 13:44 · 1 min
Fitch: Law On Debt Discharge Threatens Romanian Banks Recovery
Banks-Insurance

Fitch: Law On Debt Discharge Threatens Romanian Banks Recovery

The proposed law on debt discharge, allowing retail mortgage borrowers to return real estate collateral to banks in exchange for writing off their loans, could disrupt the Romanian banking s...

Gabriela Stan · 23.03.2016 · 12:25 · 1 min
Romanian Banking Association: Don’t Ask Why Banks No Longer Grant Loans And Costs Are Up
Banks-Insurance

Romanian Banking Association: Don’t Ask Why Banks No Longer Grant Loans And Costs Are Up

Lending terms will become tighter and costs will increase following the enactment of the debt discharge law, and those willing to take out a loan in the future have to know what caused the w...

Loredana Frățilă-Cristescu · 03.03.2016 · 09:58 · 2 min
EC Report: Current Version Of Law On Debt Discharge Could Generate Major Risks
Banks-Insurance

EC Report: Current Version Of Law On Debt Discharge Could Generate Major Risks

The implementation of the current version of the law on debt discharge may generate a systemic risk for the entire banking sector, a major risk for the macroeconomic evolution and could also...

Gabriela Stan · 26.02.2016 · 20:38 · 1 min
Lhotte: BRD Agrees With Law On Debt Discharge For Future Contracts
Banks-Insurance

Lhotte: BRD Agrees With Law On Debt Discharge For Future Contracts

Romanian second largest lender BRD-Groupe Societe Generale (BRD.RO) agrees with the law on giving in payment that would only target future contracts, without applying retroactively, and only...

Gabriela Stan · 11.02.2016 · 13:10 · 1 min