Financial Services, Latvia, Legislation, Markets and Companies

"I went the personal bankruptcy route deliberately so that they leave me alone five years," Kirsons explains in the interview.

"According to the new law, that takes effect November 1, all property must be sold in six months and all bills, debts must be taken care of. But I filed while the old law was in effect. Five years is all I need to determine my errors, do some restructuring, and open new enterprises," Kirsons reveals.

The founder of the famous chain of restaurants believes that equally to blame for the errors in business are "the government and the bank.", writes LETA.

Kirsons also notes that it has been reported that he owes LVL 25 million, and that the value of the Krasta Street Lido complex alone is LVL 30 million. Still, he does not want to sell it.