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Lithuanians go to declare bankruptcy to Latvia

Fzinių asmenų bankotas nuodugniau bus svarstomas birželio mėnesį
Andriaus Ufarto/BFL nuotr. / Private individuals will not be able to declare themselves bankrupt in Lithuania until next March.
Šaltinis: BNS
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Several dozens of Lithuanians have already declared personal bankruptcies in Latvia, the daily Lietuvos Rytas reports.

Eight Lithuanian nationals were declared bankrupt in Latvia in July alone, which is a record-high figure.

Moreover, three Lithuanian families, mostly failed business people, went bankrupt in the neighboring country last month.

Private individuals will not be able to declare themselves bankrupt in Lithuania until next March.

"Lithuanian laws support banks, while Latvian laws support people," said Romualdas Milius, a businessman who has been declared bankrupt in the neighboring country.

BNS
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