Podcast in English
Text size
Bulgarian National Radio © 2025 All Rights Reserved

Ministry of Justice drafts brand new personal insolvency bill

Ministry of Justice building
Photo: BGNES

The Ministry of Justice has published, for public debate, two bills in fulfillment of the country’s commitments under the national recovery and resilience plan.

The consultations on the personal insolvency act will take place until 11 December. The request for personal insolvency shall be entirely voluntary and aims to provide fair satisfaction to creditors by way of a 3-year debt repayment plan by the debtor, guaranteeing subsistence protection for the debtor by setting down immunity from seizure of part of the debtor’s property. The bill also envisages legal procedures for persons with no incomes and property who are good faith debtors.

The consultations on the amendments to the act on whistleblower protection or protection of persons who make public information on breaches of Bulgarian or EU law will take place until 25 November. Persons practicing law who are bound to professional secrecy shall be protected when reporting breaches of Bulgarian or EU law endangering or damaging the public interest.



Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

No Bulgarians reported injured in the earthquake in Tibet

The Bulgarian Embassy in Beijing said that there are currently no reports of Bulgarian citizens injured in the earthquake in Tibet, China, the Ministry of Foreign Affairs told BTA. At least 95 people have died following the powerful earthquake..

published on 1/7/25 3:34 PM
Manol Genov

BSP has not received an invitation to resume negotiations on forming a government

Negotiations for the formation of a regular government within the 51st National Assembly have not resumed at this stage. At the end of last week, GERB-SDS announced that they were terminating the negotiations with Democratic Bulgaria, BSP-United Left..

published on 1/7/25 2:47 PM

We Continue the Change–Democratic Bulgaria proposes amendments to the Electoral Code

We Continue the Change – Democratic Bulgaria has submitted a bill to amend the Electoral Code to ensure that the votes of Bulgarian citizens are counted according to their free will. "Because of the obvious shortcomings of the current practice and..

published on 1/7/25 1:32 PM