Germany extends duration of personal insolvency procedures

Germany has extended the duration of personal insolvency procedures from three to five years.

Published 3j2 sources✓ ConfirmedNotableupdated 3j

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Debt counseling associations have sharply criticized the move.

Experts believe it will hinder the financial reintegration of affected households.

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Auto-synthesis from 2 media sources · identified on July 19, 2026