The Sejm passed an amendment to the Civil Code which puts an end to involuntary inherited debts. Although the amendment only includes two articles, it brings revolutionary changes – informs Polskie Radio.
– Changes consist in inverting the principle. Thus far the Civil Code stated that the heir acquires the inheritance unreserved, unless he produces a statement on the acquisition or rejection of inheritance. From now on, the principle will state that if the heir does not produce a statement, the inheritance will be acquired up to the level of net assets, meaning that the heir will only be responsible for debts up to the value of specified assets – explains Joanna Senkowska, solicitor at Baurska, Senkowska, Szczęsna i Partnerzy.
According to Klaudia Kaniecka of Employers of Poland, one should ask whether the new regulations are constitutional when it comes to restricting the creditors right to pursue their credit.
The new law may result in an increase of credit costs and not only for entrepreneurs. – Money lenders want to secure their interests and as a consequence will be much more cautious – credits will be harder to get and more costly – says the expert of Employers of Poland. The amendments will now be dealt with by the Senate. They will come into force six months after being published in the Journal of Laws
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