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President proposes 20 measures to ease ordeal of over-indebted citizens

Autor: mses
ZAGREB, March 23 (Hina) - Introducing the institute of personal bankruptcy, amending the Foreclosure Act, supervising models to define interest rates, proposing debt write-off, rescheduling and issuing a moratorium on servicing loans in case when borrowers are in a very difficult situation, or converting the Swiss franc-pegged loans are some of 20 recommendations which Croatian President Ivo Josipovic forwarded to the government and parliament on Saturday in an attempt to help ease problems faced by over-indebted citizens.

(Hina) ms

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