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❗️WHAT IS PENYA?
👉 Peña is considered a type of economic punishment.
📃 According to Article 261 of the Civil Code, neustoika is in the form of a fine or penalty.
❗️Neustoyka is a penalty, which is paid by the debtor when he delays the fulfillment of his obligations and is calculated with interest on the unfulfilled part of the obligation for each day of the missed period.
⚡️ Simply put, a penalty is the extra headache that comes from not paying your dues on time. For example, you have to pay a certain debt on the 10th of every month, but if you pay it on the 25th, you may end up with a penalty for those 15 days late.
✏️ It is said that a debt calls a debt, and here the called debt is this penya