Crisis causing private bankruptcy

BusinessEconomy ♦ Published: July 12, 2010; 00:00 ♦ (Vindobona)

Unemployment and less income: more than 50,000 people last year turned to a debt counselling bodies.

Crisis causing private bankruptcy / Picture: ©

52 613 people applied for debt counselling in 2009, ten percent more than in 2008.

One of four individuals mentioned unemployment or deterioration of income as a reason for debt according to a state-approved debt counselling body.

Only for 19 percent these reasons were quoted as a trigger for private debt crisis in 2008.

The typical debtor who turns to the…

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