Over 10,000 foreclosure orders issued for debts to insurance funds in Q1

The Insurance Debt Collection Center (KEAO) issued foreclosure orders in order to collect on debts worth 270 million euros during…

The Insurance Debt Collection Center (KEAO) issued foreclosure orders in order to collect on debts worth 270 million euros during the first semester of 2014.

In total, KEAO issued 7,498 garnishment orders, 1.832 orders for asset confiscation, with 556 orders for real estate foreclosures planed and 133 auctions announced.

Overall of the 35,114 taxpayers with debts towards the insurance funds, 20,161 have arranged to pay off their debts in 48 installments, with the rest paying off their debts in 24 installments.

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