Merciful Summer gives debtors in foreclosure chance to live new life
Over the years, the debts of countless people in the Czech Republic have increased many times over due to high penalties. The unfavorable situation led them into a debt trap, from which almost no one can get out on their own. An amendment to the Enforcement Order and Civil Procedure Code, the so-called Merciful Summer, should help the indebted to solve this difficult situation. It will allow debtors with a court-ordered execution to pay only the debt itself - the so-called principal - without interest and penalties. However, this option will be limited in time, which is necessary to be wary of.