Law For The Accelerated Settlement Of Some Old Claims

Original Language Title: Gesetz zur beschleunigten Abwicklung einiger Altforderungen

Read the untranslated law here: http://www.gesetze-im-internet.de/altfabwg/BJNR247500003.html

Law for the accelerated settlement of some old debts AltfAbwG Ausfertigung date: 10.12.2003 full quotation: "law for the accelerated settlement of some old claims of 10 December 2003 (BGBl. I p. 2471, 2475)" footnote (+++ text detection from: 17.12.2003 +++) as article 5 of the G v. 10.12.2003, the G was I 2471 decided by the German Bundestag, with the consent of the Federal Council. It entered into force article 12 of this G on the December gem..

Section 1 cancellation of debt relief for the debt relief under the Act on the debt of small and medium farmers entering agricultural production cooperatives from 17 February 1954 the German Democratic Republic (Coll. I no. 23 p. 224) is repealed with effect from 1 January 2005. Sentence 1 applies also to Entschuldungen that persist after § 50 of the agricultural adjustment Act.

§ 2 maturity demands affected on 31 December 2004 by the debt relief under the Act referred to in § 1 sentence 1 are due at the time referred to in section 1, sentence 1.

§ Minus a discount of 20 per cent to meet 3 tee and hardness control that are requirements referred to in section 2. In cases of hardship deferment can be agreed.

§ 4 Elimination of debt to former time the Elimination of the debt relief requirements earlier remains unaffected.