 |
|
According to Karotsakis more than 8,600 persons have been removed from the bankruptcy record with the aim of re-integrating them into economic activity.
|
|
FAMAGUSTA GAZETTE CYPRUS |
The Insolvency Service has managed to secure fifty six debt release orders (DRO) for debtors who were unable to repay dues of up to twenty five thousand euro, as a result of the economic crisis.
So far 1,019 applications have been submitted from citizens who request a debt write off, head of the Insolvency Service Costas Karotsakis said.
“Consequently, fifty six families without income or important assets that could be used to repay their debt, have been rid of unsecured debts of up to twenty five thousand euro, both them and their guaranto…
Read the full article at: http://famagusta-gazette.com/cyprus-insolvency-service-secures-fifty-six-debt-release-orders-p37641-69.htm