FINA To Start Enforcing Debt Payments Again, Possibly In Installments

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Debt payments
Debt payments

ZAGREB, Aug 31, 2020-  A measure that was introduced to stop the enforcement of money debts, thus unblocking debtors’ accounts, expires on October 18 and the Financial Agency will again start enforcing debt payments from citizens’ accounts who have not settled their debts, the Jutarnji List daily reported on Monday.

The government will definitely not extend the suspension of enforcement procedures which means that a real tsunami of enforcement procedures can be expected in October and November, the daily writes.

According to information from public notary circles, about 400,000 citizens could have their accounts blocked overnight. With the record fall in GDP in the second quarter of 15.1%, an expected loss of jobs, which in the tourism sector alone could be more than 60,000, Croatia is just one step away from a very black autumn scenario.

Some sources in the government have said that the measures to help the commercial sector and citizens that were introduced cannot be extended, but that the government is not neglecting the social component. Scenarios are being prepared for an as painless transition as possible from the complete suspension of enforcement procedures to their reintroduction.

The only option that could help citizens and that would not stint creditors too much would be to allow debt repayments in installments.

The civic rights department in the Ministry of Justice and Public Administration has already prepared a draft document to present to the chamber of public notaries, the daily writes.

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