Bankruptcy alternatives
Yet another plan for debt repayment
The new debt repayment mechanism that the government is negotiating with its creditors provides for haircuts on debts to the tax authorities and social security funds and the payment of what remains in up to 120 installments.
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Debt settlement program launched
A memorandum on launching a debt settlement program was signed on Monday.
It is aimed at "reducing insolvency, encouraging lending and promoting the bankruptcy legal framework and agreed financial restructuring."
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