Portuguese 
English 
Spanish 
3 min of reading 
0 comments 
New Law Frees Seniors Over 60 From Paying Certain Debts: See the Full List
A new law has just been enacted and promises to bring significant relief to seniors over 60, who can now benefit from the exemption of certain debts. The new law’s main objective is to protect the monthly income of this segment of the population, ensuring that at least 25% of their income is preserved for basic needs. Let’s understand better how this measure works and what debts seniors no longer need to pay.
The Overindebtedness Law, which brings this news, establishes a series of protections to ensure that seniors can renegotiate their debts without compromising their quality of life. This means that, upon renegotiating any debt, the payments cannot compromise more than 75% of the senior’s monthly income, ensuring that there is always a minimum to cover essential expenses, such as food, medication, and housing.
New Law Offers a Series of Other Benefits
If the total amount of debts exceeds the monthly income, creditor companies are required to renegotiate the amounts in such a way that this 25% protection is maintained. The new law offers a series of other benefits, such as the exemption from abusive fees and interest, making the debt settlement process fairer and more accessible for seniors.
-
The TCU discovered that the FAB made over 100 flights with only one person on board in planes designed for 50 passengers, and the waste of public money revealed in the report surprised even the auditors.
-
War in the Middle East is making Brazil richer: the country has returned to the IMF’s global top 10 thanks to the rise in oil prices, and the projection is to surpass Russia by 2027 and Italy by 2028.
-
Resident refuses to sell house for R$ 15 million to construction company and sees luxury condominium surround his property on all sides.
-
While Congress is still discussing the end of the 6×1 schedule, major pharmacy chains, supermarkets, and clothing stores have already adopted a 5×2 schedule and report more productive and happier employees.
TO LEARN MORE: Documents required to guarantee free housing for seniors have been released; see how to obtain the benefit
List of Debts Seniors No Longer Need to Pay
Among the main advantages of the new law is the possibility of exemption or renegotiation of certain debts, always with the aim of protecting seniors’ income and ensuring a dignified life. Check below the debts covered by the Overindebtedness Law:
Utility Bills: debts related to essential services such as water, electricity, gas, and telephone.
Bank Debts: this includes loans (including payroll loans), financing, and credit card debts.
Invoices and Installment Plans: any debt that involves installment purchases or everyday financial commitments.
On the other hand, not all debts are covered by the new law. Some obligations that do not qualify for renegotiation are:
Taxes and Duties: tax debts, such as municipal, state, or federal taxes, remain the responsibility of the senior.
Housing Credit: real estate financing, such as buying a house, is also not covered by the Overindebtedness Law.
Real Guarantees: debts involving collateral, such as vehicle financing, do not qualify.
Luxury Goods and Services: high-value purchases or those not considered essential for survival are not included in the list of negotiable debts.
How to Use the New Law to Your Advantage?
For seniors to benefit from this new law, it is necessary for them to contact the companies responsible for the debts directly. During this renegotiation process, they will need to present documents proving their current income and the amount of other existing debts. The companies, in turn, are required to offer easier conditions for debt repayment, which may include everything from total interest exemption to significant reductions in payments.
Another interesting point of the new law is the guarantee that the interest applied to credit cannot exceed double the original amount of the debt. Seniors have the right to transfer their debts to other institutions without any additional cost if they find better conditions elsewhere.
This new law represents an important advance in protecting the rights of seniors, ensuring that they can maintain their dignity and quality of life even in times of indebtedness. If you are 60 years old or older, it is essential to know your rights and, if necessary, seek guidance to take advantage of the protections offered by this legislation.
Did you like this news about the new law that frees seniors from debt payments? Do you have any questions or know someone who can benefit from these changes?
Seja o primeiro a reagir!