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Debtors to be deprived of housing

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Debtors to be deprived of housing

The bill is already in the "House".

Aleh Slizheuski believes that it will stimulate people to pay debts on time.

The seizure of elite housing for debts may be the norm of the law, Aleh Slizheuski, the Minister of Justice of Belarus, reported on February 17 during the press conference devoted to work of justice authorities, Belta reports.

"The initiative we now want to implement with the relevant rules to the law on enforcement proceedings (the possibility of foreclosure on the so-called luxury housing) will be even more incentive for a debtor to pay his debts. This draft law is already under consideration in the Parliament", Aleh Slizheuski said.

According to the Minister, the elite housing is a cottage or an apartment, which by its square is far greater than those norms retained for each adult family member living in the accommodation.

Aleh Slizheuski is also reminded that debtors can be applied different measures: restrictions on the right to travel abroad, driving, hunting, and others. Besides, there are norms that stipulate liability for failure to fulfill the Court's decision.

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