The proposal, examined by the Council of Ministers, aims to approve the preventive seizure of the debtor’s current accounts within the EU countries. This is a particularly important change that affects many taxpayers who have a current account in another European country. Together with the ProiezionidiBorsa technicians, we will explain the main factors of the decision and the effects it will have on account holders.
What does adaptation to Europe envisage?
If you have contracted debts and are exposed to confiscation, here is the new risk of foreclosure on current account money that you could run into. What does all this mean? Our country aims to adapt to the regulation Uen. 655/2014 establishing the precautionary attachment procedure on bank accounts in the European territory. If, therefore, you thought that your current account signed in another EU state was untouchable, this draconian conviction could suddenly collapse. With the adjustment, the aim is to align with the European regulation which provides for the possibility of seizing current accounts held by the debtor in other EU countries. The Council of Ministers should examine the decree in the short term making the law official. Here is the new risk of foreclosure on current account money that is about to reach those debtors with one or more current accounts in the European Union.
Limitations to the applicability of the standard
In this case, the court will be able to issue a provision for the freezing of funds that the debtor holds in a bank in an EU country. However, some formulas are excluded from this rule. In fact, tax credits, customs credits and administrative credits are excluded from the foreclosure risk. To these are also added: some protected accounts, patrimonial rights deriving from testamentary, succession or marital relationships and all those credits that occur in respect of bankruptcy or similar procedures. In these cases, the preventive seizure rule cannot be applied. Here is the new risk of foreclosure on the money of the debtor’s current account who, however, can defend himself by filing an appeal where appropriate.
Deepening
The Revenue Agency can withdraw from the current account in case of foreclosure
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