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overtheedge
Member since May 2012
680 commentaries - 6 followers

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has posted a comment on the article :

Spain to Suspend Evictions, Rewrite Bankruptcy Law Making Mortgage Debt Dischargeable

- Mish - Global Economic Analysis

"... negotiate funding agreements with creditors for half of the accrued liability ..."

The devil is always in the details.
Accrued liability versus initial liability perhaps?

Things just keep getting interestinger and interestinger.

Thanks.

Commented 3405 days ago

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Beginning of the headline :Under a new set of family insolvency laws in Spain, those who have stopped paying their mortgage will be shielded from eviction from their homes. Via translation from El Confidential, please consider Changing the Bankruptcy Law. A bill in Parliament proposes new regulations on family insolvencies and will protect from eviction all those individuals who have suspended mortgage payments. The reform centers around rights of the 'consumer debtor' which will have full legal guarantees to negotiate... Read More

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