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The debt counseling service anticipates that demand will continue to increase in the coming months: “We will have constant growth. In general, people with debt problems wait before seeking professional help. This will delay that. To what extent this will happen is difficult to predict because there has never been a comparable situation in Austria. “
The number of personal bankruptcies is likely to increase dramatically
The Alpenländischer Kreditorenverband (AKV Europe) also sees the seriousness of the situation: as announced there today, an increase in personal bankruptcies is expected in the next year: “The high unemployment rate, which the AMS believes will continue beyond of 2021, suggests an exorbitant increase in indebted households, “he says.
The low number of private bankruptcy proceedings opened this year is due “only to the weeks when courts and counseling centers are closed.”
