Malta Bad Debts Realisation in the Small Claims Tribunal - Budget 2003

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December 03 08:46 2015 by The Editor Print This Article

 


2003

Procedures to reduce cases before the Small Claims Tribunal

 
Currently: For a credit to be declared a bad debt, the IRD used to require legal procedures and a Court Degree - caused a substantial increase of cases before Small Claims Tribunal (rather than debt collection, the aim was to obtain a Court Degree for bad debt.
 
Measure: A reduction of the procedures for companies to turn credit into bad debts without need to litigate in the Tribunal. more details later...