Central bank to launch info campaign on personal bankruptcy

History

The National Bank of Hungary (MNB) is planning to launch a campaign starting at the end of July to inform the Hungarian public of the introduction of personal bankruptcy in Hungary, József Szabó, the head of the central bankʼs Financial Consumer Protection Center, told Hungarian news agency MTI yesterday. 

The central bank will post information on its official website, publish a brochure and release statements to the media on the introduction, said Szabó. Parliament approved legislation introducing personal bankruptcy late in June.

The personal bankruptcy rules will come into force from September 1, 2015 for Hungarians whose homes could be repossessed. The rules will become universal from October 1, 2016.

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