This year alone, around 2,000 personal bankruptcies have been declared. The total amount of debt amounts to 320 million euros.

The laws on personal bankruptcy were put into place in 2008 in order to protect honest, but unfortunate, debtors. However, more and more cases of people abusing the system for their own gain. They declare personal bankruptcy in order to rid themselves of debt the easy way.

Translated by M. M.