As of next month, the impossible will become possible. The Ministry of Finance with a simple order to the banks through the General Secretariat of Information Systems can seize wages and pensions.
The newspaper Imerisia stated the decree is expected to be issued within next days. The Ministry of Finance says the electronic order for seizure will be effective as of December.
According to the new system, a seizure which lasted three months giving the opportunity for the citizen to take action, will take far less time. The procedure will be shorter and it will not exceed ten days.
Furthermore, according to the new system the seizures will be made for debts of 300€ or more, but will not affect wages and pensions which are less than 1,000 Euros.
The Tax office can have access to the debtor’s available balance of the account. The repossession papers will then be published in electronic form while the banks will bind the balance of the account and ascribe it to the government account
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