/ world today news/ Marin Deshev, chairman of the Association of those injured by creditors; Atanas Chernogorski, jurist and lawyer, in an interview with Nova TV, “Hello, Bulgaria”
Host: People who owe money for electricity, heating, have taken loans from banks and are under pressure to return this money, often do not know that they also have rights, even though they are debtors. We have invited lawyers who can advise on these rights, free of charge – Association of those injured by creditors and Marin Deshev, who is a lawyer and chairman of the association, and Atanas Chernogorski – Association of those injured. You are the vice president, perhaps?
Atanas Chernogorski: I am a lawyer and lawyer of the Association, and Marin Deshev is the chairman.
Host: Okay, great. When do we say that a person is damaged by creditors? I immediately give an example to make it clear to the viewers why I am asking this question. If I owe you money and I don’t pay you back, aren’t you the one who gets hurt?
Atanas Chernogorski: In this case, in principle, when a person owes another person, a third party, a legal entity or an individual money, in the event that the money is not returned to him, the injured party is the creditor. But we are talking about damaged borrowers precisely when the creditors use the ignorance of the borrowers, the loopholes in the law, which there are, bypass the law in one way or another, as a result of which the debtors themselves are damaged.
Host: Give an example. What are your most common complaints?
Atanas Chernogorski: The most common examples, in view of the banking expansion that took place in the provision of loans in the period 2005-2008, are the victims of the banks. In this case, in relation to the banks, it is about the following – the bank, according to the contract signed with it, has the right and obligation after the 90th day of default to make this credit legal. Banks deliberately and in violation, bypassing the current international and national legislation…
Host: Wait, what is this 90 day deadline?
Atanas Chernogorski: In every credit contract there is a point and a clause when the contract becomes due and when it is due early. Pursuant to an Ordinance 9 of the BNB, which defines the risk positions of banks, under this Ordinance there is a 90-day period in which the risk exposure to loss is determined.
To be continued…
#Pitfalls #loans
## Debt Doesn’t Erase Rights: Experts Offer Free Advice to Those Struggling
**Sofia, Bulgaria:** In a recent interview on Nova TV’s “Hello, Bulgaria,” Marin Deshev, chairman of the Association of those Injured by Creditors, and Atanas Chernogorski, jurist and lawyer for the association, shed light on a pressing issue affecting many Bulgarians: the rights of debtors.
The discussion centered around the common misconception that owing money, whether for utilities like electricity and heating or bank loans, automatically strips individuals of their legal rights.
Confirming the host’s assertion that many debtors are unaware of their entitlements, Deshev and Chernogorski emphasized the crucial role of legal counsel in navigating these challenging situations.
Recognizing the need for accessible legal support, the Association of those Injured by Creditors is offering free consultations to individuals struggling with debt. This initiative aims to empower debtors by providing them with the knowledge and tools to protect their rights.
**Key takeaways from the interview:**
* **Debtors still hold legal rights:** Oweing money does not mean forfeiting essential rights. Legal avenues exist to address debt-related issues.
* **Free legal advice is available:** The Association of those Injured by Creditors is offering pro-bono consultations to help debtors understand their options.
* **Legal knowledge is power:** Understanding your rights as a debtor is crucial for effective negotiation and resolution.
The interview served as a vital reminder that debt should not lead to despair or a feeling of helplessness. By seeking guidance from legal professionals, individuals facing financial difficulties can gain clarity, advocate for themselves, and work towards a fair resolution.
The Association of those Injured by Creditors is clearly taking a proactive stance in ensuring that no one feels alone in their struggle with debt.
