Share of adults who have been admitted to the collective debt settlement procedure (RCD)

The indicator reports the number of people who have a collective settlement of outstanding debts to the population aged 18 and over as of December 31 (population on January 1 of the following year). The number of eligibility notices listed here does not distinguish the status of the procedure. Persons who have been admitted but do not yet have a settlement plan are also counted. Collective Debt Settlement (CDR) is a judicial debt mediation procedure whose objective is to restore the financial situation of a person in a state of lasting over-indebtedness by repaying all or part of his debts to the extent possible, while ensuring that he/she is guaranteed a life consistent with human dignity. This procedure is addressed to any natural person who is no longer able to pay his debts due or to come, provided that he is not a trader (unless there has been at least 6 months’ cessation of business or declaration of bankruptcy) and that he has not manifestly organised his insolvency. The application for collective settlement of debts must be submitted by application to the labour court which, in the event of admission, will appoint a debt mediator (lawyer, public or private debt mediation service, more exceptionally bailiff, notary). See also: — the “[\2](\1)”