In Saxony, the number of consumer insolvencies rose in 2024. According to the State Statistical Office in Kamenz, 3,130 consumers filed for insolvency - 6.3 percent more than in 2023. Almost all proceedings were opened. Only eight were dismissed due to lack of assets, and two ended with the acceptance of a debt settlement plan.
Consumer insolvency also enables over-indebted people to make a fresh financial start. After a certain period of time, they can be released from their remaining debts in the process.
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