Consumer insolvency

Official term for the insolvency of a private household. – See consumer credit. – Cf. Bafin Annual Report 2012, p. 32 (statistics; in 2012, around 98,000 cases with outstanding claims of EUR 5.4 billion) and the respective Bafin Annual Report, “Economic environment” section.

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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
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