One dies of injustice on debts: the case of Giovanni Milesi
Giovanni Milesi has not been with us for over a month. He died of a stroke, but which was certainly influenced by the shameful history of forced expropriation and an auction that should shame those who manage both the credit system, and that of forced collection, and auctioning.
Giberto and Demetrio Milesi were building contractors. Then, with the crisis, things go wrong. The house is placed as security for a bank debt. Unpaid mortgage due and the house takes off. It is sold in the only way known in Italy for the repayment of the debt: the judicial auction. A wrong, manipulated system that destroys real estate values. In fact, their house is also devalued and sold off.
The case, however, makes news because, immediately after, their house is put back up for sale at four times its value.
The case was also presented to Rai 3 in a report, because it was sensational:
We are one of the very few countries that sees only one way out of secured debt: auctioning. No pre-emption, perhaps paid, for the expropriated, very few chances of being able to renegotiate the mortgage, also because, in the meantime, you have become bad payers and therefore you get out of the possibility of obtaining credit, even if you have managed a company well family for, maybe, thirty years. The Milesi brothers had returned to work as unskilled workers with great humility. A collection of signatures has also started on Change to restore their home to the Milesi family.
Meanwhile Giovanni Milesi has died. May he rest in peace.
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The article Of injustice on debts we die: the case of Giovanni Milesi comes from ScenariEconomici.it .
This is a machine translation of a post published on Scenari Economici at the URL https://scenarieconomici.it/di-ingiustizia-sui-debiti-si-muore-il-caso-di-giovanni-milesi/ on Mon, 26 Apr 2021 10:56:08 +0000.