Financing of public law liabilities

Financing of public liabilities aims at ordering the issue of growing indebtedness for the public law liabilities.

It allows for efficient settling of liabilities owed to the creditors (such as Social Insurance Institution, Inland Revenue). This is possible by the virtue of the agreement of liability settlement by Electus S.A.., which -after the settlement of the obligation- enters the rights of the creditors indicated by the establishment, in accordance with the contents of the Civ. C. art. 518.

Possibilities:

• spreading out the payments into a predetermined number of installments, 
• possibility of reducing the running interest down to 0% p.a.,
• possibility for discharging obligations through compensation with receivables to other Health-Service Institutions.

Step by step

• Declaration of receivables to redemption
• Assessment of Hospital’s financial condition
• Initial offer for purchase of outstanding liabilities
• Signing the agreement regarding liabilities restructuring between Hospital and Electus S.A.
• Repayment of Hospital’s liabilities by Electus S.A. to the account of a Debtor acc. Restructuring agreement.