Bulgarian MPs Allow Lenders to Demand European Distraint Orders

Lawmakers in Bulgaria have passed legislation giving creditors the right to ask courts to issue a European distraint order for debtors' assets.

The order can be demanded before the debt litigation has been filed with a first-instance court.

Full and partial refusal to issue such an order can be appealed according to the newly-adopted provisions, Focus News Agency reports.

Distraint orders will be received and handed by bailiffs, according to Thursday's Civil Procedural Code amendments.