Legal tip 1020. Keys back to Bank and Balance VIII
Wednesday, September 4, 2013 @ 9:51 AM
"Member States shall include the renegotiation of mortgage or payment in kind for families debtor or bankrupt " . That is how Brussels thinks in a report dated last June.
" Prevent evicted families to repay their mortgages loans"
A great change by Brussels in its approach towards mortgage debts
According to experts, Spain efforts are not sufficient at the moment, let´s see how this course develops. So far, just extreme situations are covered through regulations for mortgage debtors aids, this too selective regulation comes with strong fiscal pressures on debtors. Not easy. Very discouraging. Not what citizenship needs from government in terms of finances.
According to experts of british consultancy London Economiocs, best european model to follow for the " Fresh restart" or " Second opportunity" Law is the German one where no much judicial work is needed ( this saves costs, time and bureaucracy!) and consists on posing a set of rules that must be followed by the debtor in economic problems
"A standardized procedure as the german one means that consumers know clearly what is expected of them , which reduces the uncertainty and pressure on those who come to the process, " explains the London Economics .
Beach of Punta Paloma, Tarifa, Cadiz, Southwestern Spain, at Facebook.com