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 as of January 1 of the following year). The number of eligibility notices listed here does not distinguish the state of play 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, as far as he can, while ensuring that he lives in accordance with human dignity. This procedure is aimed at any natural person who is no longer able to pay his or her past or future debts provided that he or she is not a trader (unless there has been a cessation of activity for at least 6 months or a declaration of bankruptcy) and that he or she has not manifestly organised his or her insolvency. The application for collective debt settlement 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 approved, more exceptionally bailiff, notary). See also: - the "[\2](\1)"