Development and Employment Fund lifts provisional attachment on debtors' assets
The Development and Employment Fund (DEF) has started to remove provisional attachment placed on the moveable and immovable assets of borrowers and their guarantors contingent on debt rescheduling as set forth in a related cabinet decision.
In a statement Monday, DEF chairman and Minister of Labor Ma'en Qatamin said that the move aims to enable debtors to afford 'soft and easy' monthly installments on their loans given the current economic and financial hardships.
He said that the individual and group loans that borrowers obtained from the fund were part of a package of measures aimed at reducing the burden on citizens in light of the coronavirus pandemic and its repercussions on individuals and enterprises.
The Development and Employment Fund (DEF) has started to remove provisional attachment placed on the moveable and immovable assets of borrowers and their guarantors contingent on debt rescheduling as set forth in a related cabinet decision.
In a statement Monday, DEF chairman and Minister of Labor Ma'en Qatamin said that the move aims to enable debtors to afford 'soft and easy' monthly installments on their loans given the current economic and financial hardships.
He said that the individual and group loans that borrowers obtained from the fund were part of a package of measures aimed at reducing the burden on citizens in light of the coronavirus pandemic and its repercussions on individuals and enterprises.
The Development and Employment Fund (DEF) has started to remove provisional attachment placed on the moveable and immovable assets of borrowers and their guarantors contingent on debt rescheduling as set forth in a related cabinet decision.
In a statement Monday, DEF chairman and Minister of Labor Ma'en Qatamin said that the move aims to enable debtors to afford 'soft and easy' monthly installments on their loans given the current economic and financial hardships.
He said that the individual and group loans that borrowers obtained from the fund were part of a package of measures aimed at reducing the burden on citizens in light of the coronavirus pandemic and its repercussions on individuals and enterprises.
comments
Development and Employment Fund lifts provisional attachment on debtors' assets
comments