Up to 150,000 Insolvent People in Austria

Politics ♦ Published: January 29, 2011; 00:56 ♦ (Vindobona)

According to the Kreditschutzverband (KSV, Credit Protection Association 9,028 people were forced into personal bankruptcy last year. The number of people at risk is many times higher.

Up to 150,000 Insolvent People in Austria / Picture: © KSV 1870

The average amount of liabilities in the case of private bankruptcies is € 133,000. In 2010, 9,028 persons were affected in Austria. Compared with 2009 the number of personal bankruptcies rose by 0.2%.

"This slight increase is actually too little, for in Austria significantly more…

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