Reviewing Bad Debts Recovery Procedures

Home / Program 2008 / Reviewing Bad Debts Recovery Procedures


Although the loan contracts are executory titles, the procedures of taking into possession the debtors’ goods are long and costly. In order to speed up the recovery procedures some amendments to the respective legal framework (Law no. 99/1999 and Civil Code) should be brought.

Impact Drivers

Public: Consumers and state budget could benefit from the decrease in banks’ losses.

Private: By improving the regulatory framework for debt recovery, banks’ costs would diminish.

Terms of Reference