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Household debt commission

The task of the household debt commission is to seek solutions for individuals who find themselves facing excessive debt or are suffering from a sudden loss of earnings.

According to the extent of the financial difficulties facing the debtor, the commission may direct the debtor towards:

  • a mutual agreement  based on the negotiation of a contractual recovery plan acceptable to both the debtor and the creditors
  • or, personal recovery proceedings, or a declaration of civil bankruptcy if the debtor is in a hopelessly compromised situation

Who can benefit?

Means tested. Household income should not exceed an upper limit depending on location of the property and the size of the family.