Bankrupt people can keep €10,000 for housing, cabinet approved

Every debtor who resorts to personal bankruptcy will be able to retain €10,000 for so-called housing expenses, according to an approved bill.

Marriage loans, which were popular in socialism, have been reintroduced in July 2019. Marriage loans, which were popular in socialism, have been reintroduced in July 2019. (Source: SME)

The sum of €10,000 shall prevent debtors in personal bankruptcy from becoming homeless, according to a Justice Ministry-sponsored bill approved by the cabinet on February 15.

The ministry stated, as quoted by the TASR newswire, that the amount was set so that it is both easy to remember and at the same time at least roughly representative of the cost of accommodation in a one-room flat, even though there are regional differences across Slovakia.

Having a dignified place to live is among the basic prerequisites for a person to keep their job and to retain their place in society, according to the Justice Ministry.

The processing of personal data is subject to our Privacy Policy and the Cookie Policy. Before submitting your e-mail address, please make sure to acquaint yourself with these documents.

Top stories

Slovakia shoulders a heavier tax-levy burden than most, experts opine

The Slovak tax system is more generous to families than to single persons.

In the field of corporate taxation, Slovakia ranks among the most burdened of OECD countries.

First-aid kits in cars will not have to be replaced after expiration

The expiration will not be checked anymore, the Transport Ministry has decided.

Illustrative stock photo

Slovakia's best photo of 2019: Kočner hiding in a police car

Take a look at the best photos from the 2019 Slovak Press Photo contest.

The picture of controversial businessman Marián Kočner, taken by Denník N photographer Tomáš Benedikovič, wins the singles category in the News section of the 2019 Slovak Press Photo contest

Some good reasons to take a bike ride to Devín in autumn

A scrumptious taste of local viticulture is only one of them.

Devín Castle