According to the decision of the Court of Appeal of Budapest, the debtor cannot make a recognition statement of debts prior to the payment of the sum of the loan.The reason that this case is remarkable is that the credit banks often require one-sided statement of commitment throughout the lending. The question arises, in which are the cases when the aforesaid statements are null and void. Dr. Andrea Égertz, expert of our Law Firm published an analysis of the issue can be read in PDF format by clicking here:

court_of_appeal.pdf

• HU