Romania’s Government considers postponing the personal insolvency law’s implementation.

The Justice Ministry has come up with the proposal, following a request of the Superior Council of Magistracy (CSM). Romania’s justice system doesn’t have the necessary staff and lacks the time to hire specialists until the end of the year, according to CSM, reports local Digi24.

The personal insolvency law should enter into force at the beginning of 2016. However, the Government could draft a bill to postpone the date when the law comes into force, said the Government spokesman Dan Suciu.

Romania’s Parliament adopted in May the personal insolvency law. The law allows good debtors that can’t repay their loans anymore to open the personal insolvency procedure, and reschedule their debts based on a reimbursement plan, which can stretch over five years (with the possibility to extend it for another year).

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