Portuguese 
Spanish 
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.
-
After selling only 264 SUVs in five months, Jaguar Land Rover closes factory in Brazil after nearly 10 years, exposing 371 jobs to uncertainty and may see the R$ 750 million unit shift from premium luxury to become a base for the Chinese company Chery.
-
He was born in Rio, arrived in Rio Grande at the age of 3, started in the naval industry, and today leads the company that is doubling in size for the second consecutive year, building steel warehouses for “agro giants,” with a new factory four times larger and a goal of R$ 600 million.
-
He went bankrupt with the first app, started over with $40,000 and 2 employees, bought 50 “forgotten” internet brands like Evernote and AOL, and debuted on the stock market valued at R$ 130 billion, with shares rising 40% in one day.
-
Almost 4 in 10 Brazilians have already experienced fraud or attempted fraud, and the company that “sells trust” for 30 years uses biometrics and 3D proof of life to expose deepfakes, aiming for R$ 350 million in 2026.
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?
