After the elections in the USA, the Swiss franc is climbing. It is already at PLN 4.16 and unfortunately, the upward trend is still visible. Thousands of Polish families who took out a loan for a desired apartment are losing ground, and politicians still do not have a good idea for a solution to their difficult situation. Some borrowers decide to announce consumer bankruptcy – informs PMR Restrukturyzacje.
The number of loans and credits pertaining to the Swiss currency amounts to approximately 562 000 in Poland, amounting to PLN 144 billion. Most of these are loans and credits secured by mortgages, among which housing loans predominate. The rising exchange rate of the franc therefore means another difficult time for thousands of borrowers.
PMR Restrukturyzacje reminds that twice as many applications for announcements have been submitted to the courts this year consumer bankruptcies than in the whole of 2015. According to experts, this is not the result of impoverishment of society, but only of increased awareness among Poles. It means that thousands of people who have so far lived in a debt spiral, avoiding bailiffs, are getting a new chance and the possibility of returning to normal life.
– Consumer bankruptcy This is very good news for many people, it is a new start, improvement of living conditions and return to normality. This is the rescue they have been waiting for a long time
– says Małgorzata Anisimowicz, president of PMR Restructuring ARE
As predicted by restructuring advisors from her company, in the coming years we can expect a steady increase in the number of applications for consumer bankruptcy, until it reaches a level of around 50,000 per year, when the process will begin to stabilize.
1 December 2016:
" There is an opportunity for the francophone, although...
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