News item | 11-29-2022 | 16:37
People with debts who have to deal with a long-term attachment of their income must, according to the current law simplifying the attachment-free foot, adjust their housing costs to their lower income within six months. According to Minister Schouten (Poverty Policy, Participation and Pensions), this is not realistic given the current scarcity on the housing market. It therefore allows creditors to extend this term to a maximum of 24 months from next year.
The attachment-free rate is the part of the income that may not be seized by creditors. People with debts who have to deal with an attachment of their income will have enough left over to pay the necessary costs of their living, such as rent, mortgage and groceries.
After the introduction of the Seizure-Free Foot Simplification Act in 2021, it turned out that households with high housing costs are unable to find suitable replacement accommodation within six months. With an amendment to the Seizure-Free Foot Regulation, Minister Schouten now proposes to extend this period to eighteen months. The creditor can then extend the period once more by six months if the attachment can be completed within that period.
Respond to the internet consultation up to and including 5 December 2022
The amendment to the Seizure-Free Foot Regulation is online for public internet consultation. You can respond via this link.