Q Explain to me. No one's gonna, no one's gonna believe that when they hear it. So tell me, tell me how it works. How do you do it?
A Exactly. So this, uh, this, this law has, let's say, um, has four parts. The, the, the, the first part is you need to gather a lot of doc, a lot of documents. So it means it has a lot of bureaucracy. After you gather all of those information, you need to go to a notary and ask for a mediator to mediate with all the creditors. When you go to the, the mediators, you need to propose a debt restructuring plan. If the creditors accept the debt restructuring plan, we could talk here about, let's say, discount of the debts between, uh, 20 to almost 80% of the debt. Instead of a client to pay, instead of paying, let's say, uh, uh, 20 K to, uh, to a creditor, He will pay, um, with a discount, an 18% of discount of this, of that payment, of that debt. And at the end, if the, if the creditors don't accept this, uh, this payment plan, you need to go to the last thing, last step that is called in the judge. You need to present in the judge everything that you, you did before. And if you complete all the, all the, all the terms, you will have what is called cancellation of debt. Almost 100%.
AI assessment note: “this law has, let's say, um, has four parts. The, the, the, the first part”