Warning by experts: In the autumn of a wave of private bankruptcies in the offing

Soon could curtail a wave of private bankruptcies in Europe's consumers. The news Agency Bloomberg quoted a representative of the debtor consultations from dif

Warning by experts: In the autumn of a wave of private bankruptcies in the offing

Soon could curtail a wave of private bankruptcies in Europe's consumers. The news Agency Bloomberg quoted a representative of the debtor consultations from different European countries, according to which since the spring, significantly more households had sought the advice of debt specialists. "The demand for advice will increase significantly," said the Roman punch, a spokesman for the Association of the German debt counselling services (AG SBV). Shock is a debt Counsellor at the Catholic welfare Association Caritas.

Also, according to Maria Kemmetmüller by the Austrian debt advice Association could be observed in some of the länder already significantly more inquiries from consumers. "In the autumn, we expect a rise in consultations in a total volume of 40 percent," said Kemmentmüller according to Bloomberg.

estimates for The European debtor network of European Consumer Debt Network that already 10 percent of the households have a Problem. Advisor to Costa Skliris says that this ratio is expected to double.

a rush of consumers expected

The demand for the large debtors, consultations of workers ' welfare (AWO), Caritas and the German Red cross (DRK), Germany is increased far a report, according to the corona due to strong. Caritas reports according to the news Agency KNA an increase in new registrations for the debtor's advice of 13 percent from March to April and by a further 13 per cent from April to may.

The one already in the last week published a survey of the "Augsburger Allgemeine revealed". A rush of the debtor consultations expected in the autumn. Then, many state Corona-aid ceased, moreover, to reckon with a time delay occurring loss of jobs and Income.

The debt Advisor also assume to meet soon on a "rather unusual clientele", as it was said. "People from the middle class, who have come up to the pandemic, well, maybe a car or a house to pay off and by Corona totally unexpected in a financial crisis situation," said AWO-expert Sabine Weisgram. The DRC further reported that, to expect a "significant increase" in demand for "social-emotional support".

Updated Date: 10 August 2020, 16:19

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