Indebtedness, new provisions in the handling of cases

Sometimes a debt consolidation loan is no longer enough to clean up a budget: the challenges are too great for this to restructuring of credit provides a real benefit. It is then necessary to turn to a more energetic, and file an indebtedness. Came into force on 1 November 2011, further action on debt have changed the situation for individuals.

First evolution generated by the reform of credit, access to debt commissions is now open to private owners, which will attempt to find a solution for many households in need. In addition, the deadlines are shorter because the commissions are now 3 months instead of six, to study the records in their care. If the assets of people in serious debt are insufficient, the commission may advise the judge as a total erasure of debts.

Another change since last November, the period for registration under the National Incident refund Individual Credit (FICP) from 8 to 5, in the case of a personal recovery proceedings, and 10 to 5 years for the implementation of a trouble-free repayment plan following a procedure indebtedness. Note that the creditors of indebted people, or his bank, are informed of the situation at the date of admissibility of the case.

Finally, when a dossier is accepted, enforcement actions are suspended. In an emergency, the commission has the opportunity to go to court to suspend deportation of housing. And banks are obliged to continue providing their banking services.