Seizure allowances are increasing: protection for debtors in times of crisis!

Seizure allowances are increasing: protection for debtors in times of crisis!

The regular adjustment of the seizure allowances is a central issue in the area of ​​debt advice, especially in view of the rising cost of living. Marie-Christine Fuchs, spokeswoman for the Federal Ministry of Justice, emphasizes that these increases serve to ensure a dignified life for debtors and their dependents. The aim is to adapt the seizure allowances to the changed economic circumstances and thus counteract the need for social assistance as a result of seizures. In addition, social welfare providers should be permanently relieved and taxpayers should not have to indirectly pay for private liabilities.

The seizure allowance is currently 1,559.99 euros, excluding maintenance obligations. This amount protects part of the income from seizures so that debtors can make a living, as the debt advice website highlights. Debtors whose net income is above the exemption limit are also allowed to keep a further part of their income. This is intended to strengthen the debtors' motivation to earn their own living and improve their financial situation.

The increase in allowances

The continuous increase in the seizure allowances is directly related to the rising cost of living. This means that debtors must be able to provide for themselves and their families despite financial difficulties. Increasing these amounts not only creates a certain level of financial security for those affected, but also promotes a return to financial independence.

The garnishment allowance is usually calculated using a calculator or a special table that is available on various information platforms, such as debtnerberatungen.org, are accessible. These resources provide comprehensive information on the seizure exemption limits and the amounts that can be seized.

Conclusion: A step in the right direction

Overall, by adjusting the seizure allowances, the legislature aims to relieve both debtors and society as a whole. The changes are intended to ensure that people in financial difficulties are not additionally burdened by seizures. This not only ensures a decent life, but also paves the way out of the debt trap. This is of central importance in order to reduce the number of insolvencies in the long term and at the same time assume social responsibility MDR reported.