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Scrappage 5: proposed law for a 120-instalment payment plan over 10 years

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The bill proposes to increase the number of installments, without advance payment, for the payment of past debts, as well as to increase the time frame in which to remedy any delays in order not to lose the right to scrapping.

Article Key Points

The bill presented to the Senate, begins its journey through the Finance Committee. This will happen in the drafting stage, a legislative procedure with which the competent committee makes changes to the text and approves the individual articles, while the final approval, without further changes, is reserved for the Chamber.

This means that the bill, once scheduled, could follow a fast path and then move on to the Chamber of Deputies.

The text presented proposes to extend the number of installments that can be requested up to 120, to be deferred over a maximum of ten years. Furthermore, for those who delay the payment foreseen in their plan, the forfeiture of the installment plan is foreseen after the failure to pay eight installments.

Marcus Barbatus

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Article published on 27 February 2025 - 17:28


1 comment

  1. The bill proposal seems interesting but there are many questions about how the delays will be handled. It is important that there is clarity and transparency in the rules, otherwise it could create confusion among citizens.

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