September 8, 2024

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Automatic Foreclosure is Coming – How to Spot Defaulters – Newsbomb – News

Automatic Foreclosure is Coming – How to Spot Defaulters – Newsbomb – News

Stopping the wave of outstanding debts, which have exceeded the €107 billion mark, is a point of particular importance for AADE

The “hotness” of foreclosures and auctions is coming for 3.9 million “red” taxpayers, with the full activation of Eispraxis, which will kick in from June in the battle with overdue debts, “flagging” strategic defaulters to collect revenues worth 5 billion euros in 2024. , as reported by Abugiomatini.

Stopping the wave of unpaid debts, which exceeded the barrier of 107 billion euros, is a point of particular importance for AADE, and as a result further measures are required through the automated seizure of bank accounts and income using risk analysis criteria and periodic evaluation of debtors with the application of the new electronic system. Eispraxis.

How will Aspraxis work?

Based on this data, the debtor’s financial ability to repay the debt will be assessed and he will be notified via electronic messages of the settlement of the remaining balance.

In the event of non-compliance, the Tax Authority will proceed to confiscate bank accounts, income, movable and immovable property and, in a second stage, auctions. More details via Eispraxis:

  • Risk analysis standards will be applied and enforcement actions will be taken based on the debtor’s behavior
  • A real-time database of debtor’s photo, debts and other relevant details will be created
  • Debt settlement will be monitored and taxpayers will be automatically informed of their confirmed debts
  • Delinquent debt cases will be evaluated