The Verkhovna Rada of Ukraine adopted in the first reading draft law No. 14005, which provides for the simplification of the enforcement procedure through digitalization. 236 people’s deputies voted for the adoption of the document as a basis with further revisions. This is reported on the parliament’s website.
The purpose of the draft law is to prohibit debtors from selling movable and immovable property until the debt is fully repaid. This will allow debt collectors to more quickly obtain information about debtors’ property and seize it. Thus, debtors will not be able to sell or transfer their property to other persons until they pay off their debts.
The bill provides for expanding the functionality of the automated enforcement system, in particular its integration with state bodies, banks, financial institutions and non-bank payment service providers. It is also planned to ensure the interaction of the Unified Register of Debtors with other state registers.
The document establishes that during an attempt to alienate or pledge the debtor’s property, the presence of his data in the Unified Register will be grounds for refusing to carry out such actions, except in cases provided for by law.
In addition, in the event of receipt of funds subject to collection to the account of the enforcement service body or private executor, the system will automatically generate a notification of debt repayment. After that, information about the debtor will be excluded from the Unified Register of Debtors.
