The draft Law on Bankruptcy of Individuals introduced a year ago aims to offer a second chance to bona fide debtors. However, it is a delicate dance between the interests of creditors and debtors. If the balance is disturbed, the result will be chaos
Bulgaria is one of the few European countries that do not have effective legislation regulating so-called “personal bankruptcy”, as well as a mechanism for restructuring the obligations of people who are unable to cover them.
Latest news for EU consumers regarding over-indebtedness and personal credit.
The Content & Consequences of the Consumer Credit Directive. Return on Investment in Debt Advice Services.
For the very first time in the history of the European Union, the new credit Directive mandates the provision of free debt advice services in every European member state.
As we step into after summer period of 2023, we made an analysis on 4 drivers for individual in Bulgaria with fresh data for a better understanding
Challenges facing Bulgaria: Over-indebtedness & scaling a debt advice service – Willy Pierre Abbal – Temida Foundation, Bulgaria.
The non-governmental organization in the field of free financial consultations “Themida” received the award for corporate and social responsibility of the French-Bulgarian Chamber of Commerce and Industry
The European Consumer Debt Network (ECDN), under the supervision of the European Innovation Council and SMEs Executive Agency (EISMEA), started a project, regarding the preparation of the implementation of the new credit directive.