Government approves increase to 960 euros salary mortgage debt is not attachable

The First Deputy Prime Minister, Alfredo Pérez Rubalcaba, told the Cabinet that the Government has approved a decree law to increase from 642 to 960 euros the salary is not attachable by mortgage debt, one of the resolutions adopted in the debate on the state the nation. This minimum increases to 1,350 euros if they have two dependent children. In the case of households where there is a pensioner, the limit goes up to 1539 unattachable euros.

Thus, the amount that may be arrested will be at the minimum wage (641 euros) plus a 50 per cent, which will add another 30 percent for each family member that has no regular income of their own, for what two people in that situation no attachable salary would be at the 1,350 euros.

Rubalcaba also announced that the minimum amounts that may be awarded the auctioned property from 50% to 60% of appraisal. Also lowered from 30% to 20% advance deposit required to participate in an auction and thus facilitate the presence of more bidders.

The aim is, as explained Rubalcaba, prevent auctioned property prices "fall and fall," with consequent damage to the homeowner, to be even more money to the lender.

Thus, the government wants to "ensure that the auction of the mortgaged property will not result in abusive situations or the underselling of good."

Kasikorn Bank

Credit Millionaire SMEs with outstanding debts to municipalities
Instituto de Crédito Oficial (ICO) will pay up to 3,400 million to SMEs who have outstanding debts to municipalities, which will be discounted bills to pay agency revenue has conducted annually by the State to local government . The mechanism is that the suppliers of the government, and especially SMEs with fewer than 250 employees can receive an immediate way through the ICO pay a very important part of the debts that they hold the local authorities.