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Debt clearance like a prevention instrument of social exclusion

Publication at Faculty of Humanities |
2011

Abstract

The issue of overindebtedness of population is very current, but it is not a new topic. There are ways to prevent it, especially by the strengthening of financial literacy.

However, it must also include ways to solve problems with already existing payment obligations. One is debt relief.

This institute can be used in the Czech Republic from 1.1.2008, but it is not possible and appropriate solutions for all indebted persons.