Author Topic: Property confiscations/seizures & jail very soon!  (Read 909 times)

Offline alexinathens

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Property confiscations/seizures & jail very soon!
« on: June 22, 2014, 05:14:55 PM »
Home confiscations have been facilitated by a recent law enabling seizure of salaries, pensions, bank savings and property for even small debts to the state. There are specified debt amounts that incur property seizure or jailing. They vary according to the recipient (whether the money is owed to the taxation department, a public insurance fund etc.). The different amounts are often changed by the government. The latest ministerial circular (issued on April 15, 2014) concerning tax debts sets the line at 1500 euros.

The number of confiscated homes has risen in recent years. A big wave of new house seizures is expected soon. The finance ministry has made an agreement with the “troika” (the European Union, European Central Bank and the International Monetary Fund) to set the opening bid at auctions at 30% of the houses’ real values.


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