The article explores the legal process in Latvia for individuals, such as Līvija, who struggle with significant debt, detailing how to apply for bankruptcy status and the associated costs.
In Latvia, individuals facing significant debt, like Līvija, a resident of Riga with a €20,000 debt, may find themselves overwhelmed by creditor calls and worry. The article from TVNET outlines a legal procedure available that allows such individuals to have their debts erased through bankruptcy. It highlights Līvija's case to illustrate the realities many face when considering this route, as she experiences stress over her financial obligations.
