Debt Administration: Get debt forgiveness and start again!

The European Community has made it clear: total debt forgiveness is a demand! We want all member states to comply with this regulation and allow the true financial relief that you so desperately need. We know that debts to the public administration are one of the main concerns for many, but there is a way out!

Thanks to the European Directive (EU) 2019/1023, debt forgiveness with the Administration is now a reality. Get complete forgiveness of your debts with the Public Administration and start fresh with Debtor’s Lawyer! Starting from 17th February 2021, member states of the European Community are obligated to allow forgiveness of all types of debts, including those with the Public Administration such as Tax and Social Security. This is a unique opportunity to free yourself from the economic burden that has affected you so much.

The purpose of debt forgiveness with the Administration.

The objective of debt forgiveness goes beyond the economic aspect. Its purpose is to prevent the proliferation of the underground economy and the circulation of black money. If effective debt forgiveness is not allowed, the debtor is condemned to live excluded from the system. This means that the insolvent person will be forced to work in the underground economy, seeking cash payments to evade legal action and seizures. By being outside of the system, the debtor will not pay taxes to the Treasury, and their employer will not make corresponding contributions to Social Security. These practices not only harm the state but also damage the country’s economic and labor structure.

A state that encourages a parallel economy, escaping its control, will cause disastrous consequences in the medium and long term, such as:



Fewer public resources available for investments and services.

Greater legal insecurity and lack of guarantees for citizens.

Loss of purchasing power for workers.

Reduction in social welfare guarantees and decrease in labor protection.

Lower well-being and quality of life for society as a whole.



It is evident that allowing debt forgiveness is crucial to avoid these harmful consequences both economically and socially.

Benefit of forgiveness: reintegrating insolvent debtors into the system.

The most beneficial option is to waive collection of amounts that would not practically be recovered anyway. The debtor will seek to evade legal action by working outside of the system to remain anonymous and preserve funds necessary for subsistence. By waiving collection of “unrecoverable” privileged credits by the Administration, debtors are given an opportunity to reintegrate into the system and resume paying taxes and contributions.

In general terms, the amount that the state will receive as a result of this will be considerably higher than what was forgone by forgiving uncollectible debt. In this way, a genuine second chance is given to debtors that benefits all parties involved: both themselves and creditors.