http://www.articlesnatch.com/rss2/borlo+law borlo law Articles from ArticleSnatch.com Rss Follow Up Fri, 17 Feb 2012 10:18:04 -0500 Borlo Law is a unique mechanism set up under the French law with an intention to tackle the over indebtedness of the citizens of France. This mechanism was first set up in the year 1990 and was amended in the year 1995, 1998 and in 2003. This enactment constituted an administrative body known as House Hold Debt Commission to act as a conciliatory body between the debtor and the creditors. The law entrust judiciary to legalize the decisions or the recommendations proposed by the commission to start up with the personal recovery procedure. The household debt commission constituted under the Borlo Law had been working under the Banque de France. It is the duty of the commission to act as a mediator between the debtor and the creditor by enabling them to reach into an amicable settlement and to help them the frame effective and practical repayment schedules for settling the debts. Household debt commission framed under the Borlo law is also authorized to make recommendations to the courts while trying case that involves the question of repayment of debts.borlo law]]> legal]]> http://www.articlesnatch.com/Article/Borlo-Law--For-Excessive-Debt/659703 Sat, 04 Jul 2009 00:00:00 -0400 http://www.articlesnatch.com/Article/Borlo-Law--For-Excessive-Debt/659703