Expatica news

Businessman worth €63,500 owes €697 million

CatumPortuguese entrepreneur and property developer, Emídio Catum, one of BPN’s large debtors, has filed for insolvency as he owes €697 million but has one asset – an apartment worth just €53,000.

Catum’s application for insolvency included an appeal for debt foregiveness for the next five years.


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