It is Thursday and you know what that means – It is time for another Throwback Thursday! This week’s issue of Money Matters starts with a briefing from Iceland where the special counselling service has been operating for four years, the original plan was a two year test, but the programme had been so successful that people were making an effort to make it permanent.
You can also read about a survey on the bankruptcy procedures in Austria performed by Hans Grohs and Margit Handschmann. A total of 716 clients of Austrian debt counselling were surveyed on their experience with the bankruptcy procedure, they find that in just under half of the cases, a bankruptcy procedure is not possible, and that there are a number of disadvantaged groups, among these were women (especially married women and single mothers), young people, people who receive debt counselling and people who do not have an income of their own.
In this issue you can also read about the Spanish legal system in relation to indebtedness, a new act on debt collection in Finland debt counselling in Luxembourg and much more – Have a nice read 🙂