Debtors who deliberately delay payment could face imprisonment of up to three months under a parliamentary proposal.
Several MPs have submitted a draft law proposing amendments to the Execution Law in civil and commercial matters. The proposed amendments aim to safeguard the creditor’s interests and protect them from the debtor’s manipulation in cases of obstinacy or deliberate delay in execution.
The key amendments in the proposed law grant the execution judge the authority to imprison the person against whom the sentence is issued. The proposal specifies that the duration of imprisonment shall not exceed three months.
If the imprisoned individual fulfils the obligation or presents an acceptable guarantor, they shall be released.
The imprisonment of the debtor does not eliminate the debt nor prevent the seizure of their assets and the execution of the verdict through standard legal procedures.
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