Legal tip 971. European Parliament on Keys Back to the Bank
Monday, June 17, 2013 @ 2:46 PM
The European Parliament (EP) calls on national governments to introduce payment in kind ( dacion en pago- keys back to Banks) for families in bankruptcy
The whole EP is asking Member States to endeavor to offer alternative solutions to evictions, particularly "the renegotiation of debt or payment in kind ( dation-keys back) for debtors and bankrupt families."
The parliamentarians also sought the governments measures to "prevent the evicted families continue to have to repay their mortgage loans."
The resolution is not binding but only a political message addressed to the Governments of the EU.
Therefore, the Parliament calls for "European regulations on mortgages incorporate the best practices that are more favorable to consumers."
MEPs also request Member States to ensure that citizens have access to moderately priced rentals and defend the creation of specific financial schemes for the most vulnerable households in relation to energy costs (such as energy fair pricing, specific aid or integrated into other social benefits, unpaid bills prevention and protection against power outages).
Finally, the report calls on the European Commission to develop a common framework to promote social housing in the EU, with sufficient funding from the EU budget for 2014-2020.
We agree that the renegotiation of debt/ payment in kind needs to be provided becasue is they are "an option that companies have, it also needs to be for families which have gone bankrupt" and that it is a joke that Rescued Banks are still pressing bankrupted families for debt repayments after repossession.
Salinas del Parque Marismas de los Toruños y Pinar de la Algaida, Puerto de Santa María and Puerto Real, Cádiz, Southwest of Spain