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Does Debt Have an Expiration Date? The Kurzeme Court Gives an Answer that Creditors Will Not Like
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1 Articles
A loan taken out in 2007 turned into a lawsuit worth almost 7,500 euros 16 years later. On one side was one of the largest debt collection companies in Latvia with an army of lawyers. On the other, two ordinary people from Kurzeme. Everything looked hopeless until the debtors had an unexpected ally – a name written in the law that could cancel the entire debt.
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