• Bulgarian MPs Allow Lenders to Demand European Distraint Orders

  • 26 January 2017, www.novinite.bg

    Lawmakers in Bulgaria have passed legislation giving creditors the right to ask courts to issue a European distraint order for debtors' assets.

    The order can be demanded before the debt litigation has been filed with a first-instance court.

    Full and partial refusal to issue such an order can be appealed according to the newly-adopted provisions, Focus News Agency reports.

    Distraint orders will be received and handed by bailiffs, according to the above referenced Civil Procedural Code amendments.