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Taking counsel: Efficient debt recovery through procedure of notice

Oct 15, 2008
By Martins Mezinskis

High inflation, a fall in real property prices, an increase in loan interest rates and a rise in prices of consumer goods have had a striking effect on the solvency of consumers. The current reality is that under the present economic situation, consumers are forced to think about their daily expenses and do not spend money on things that are not goods of prime necessity. Due to the sudden rise in the cost of living, consumers not only can’t buy things that they bought before the crisis, but also ...


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