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Let´s prevent debt traps! Policies to tackle over-indebtedness across Europe
May 11, 2017 @ 8:00 am - 5:00 pm
On 11th May 2017, Caritas Czech Republic, partner of EAPN, organizes a conference called “Let´s prevent debt traps! Policies to tackle over-indebtedness across Europe”. The topic of over-indebtedness has been chosen as a priority to work on based on the national Caritas Cares Report 2015. The event will take place in Prague.
In the Czech Republic, we have observed an increase of insolvency petitions submitted by individuals. One of the main causes of over-indebtedness is income poverty together with lack of financial literacy among the population. Another important cause is insufficient legal regulation of consumer loans making the customers unprotected. The problems are worsened also by excessive competencies of executors´ offices. In Caritas Cares Report 2015 for the Czech Republic, over-indebtedness was identified as a major issue in the area of poverty and social exclusion.
Experiences with issues of debt traps, over-indebtedness, executions on property and/or debt relief, and examples of functional policies and good practices from many countries will be shared.
Contact: martina.veverkova@charita.cz and iva.kuchynkova@charita.cz