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BDIU board member Dr. Christian Behrens.
Finance Guide Back in Flow
Editorial Team Germany | Nov 25, 2024 7 min

Interview with BDIU board member Dr. Christian Behrens

Today we get some insights into the work of BDIU – Federal Association of German Debt Collection Agencies. Together with Dr. Christian Behrens, we take a look behind the scenes. He tells us how important this cooperation is in the debt collection industry – especially for the economy and consumer protection.

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A young woman is researching the topic of insolvency proceedings on her laptop computer.
Finance Guide Back in Flow
Editorial Team Germany | Oct 16, 2024 7 min

How are insolvency proceedings conducted in Germany?

If you have the impression that your outstanding debts are getting out of hand, you have the option of going through consumer insolvency proceedings in many countries around the world. The purpose of such proceedings is that, in the end, you get rid of all your debts that existed at the beginning of the proceedings. However, before we turn our attention to insolvency proceedings abroad, we will first explain in a down-to-earth manner how consumer insolvency proceedings work in Germany.

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Debt counselling can help you in sorting out your financial situation.
Finance Guide Back in Flow
Editorial Team Germany | Aug 16, 2024 4 min

Debt counselling procedure

Are your financial obligations getting out of hand? You don't know where to start to get your finances back under control? Professional help from a debtor advisory office can help you pave the way to freedom from debt. In this article, we would like to highlight the importance of this support and show you how you can benefit from debt counselling.

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More digitalisation for more trees.
Finance Guide Back in Flow
Editorial Team Germany | Jun 19, 2024 7 min

More digitalisation for more trees

Digitalisation has increased rapidly in recent years and undoubtedly has the potential to improve and simplify our lives. From more efficient work processes and social interactions to innovative environmental solutions, the digital revolution is opening up numerous opportunities. At the same time, however, it brings with it challenges such as the need for increased data security or the loss of real social contacts. The focus of the Financial Guide is on the benefits of digitalisation. Of course, this also brings its challenges, and we don't want to withhold these from you.

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Financial Academy

Live your best financial life

We at Riverty want to help you grow personally and live your best financial life. We want to bring you closer to all topics around your finances in an easy-to-understand and transparent way.

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Become a financial expert yourself!

Widerspruch
Editorial Team Germany | May 1, 2023 3 min

What is an enforcement?

The word scares many people. But what does enforcement actually mean? Enforcement refers to the state procedure by which a creditor can forcibly enforce his civil law claim against a debtor. This situation may arise if a consumer has not fulfilled a payment obligation even after receiving a reminder and the creditor or a representative appointed by him obtains an enforceable title from the court. Then the creditor has various state resources at his disposal to compulsorily enforce the claim.

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Widerspruch
Editorial Team Germany | Feb 8, 2023 4 min

Objection to the default summons – what does that mean?

In case you receive a default summons, you have 3 possibilities: you pay, you don’t react, or you lodge an objection. If the default summons is justified, it would be easiest to pay everything directly. Some don't react at all – probably because, at the time, they do not see any other solution. Or they might simply lack the financial resources. However, if the default summons is not justified and this can be proven, an objection can be filed against the default summons.

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Default summons
Editorial Team Germany | Jan 19, 2023 6 min

The default summons or payment order

A default summons often triggers insecurity, fear or even shame on the recipient's side. If you have received a default summons, it is best to contact the claimant, the authorised debt collection agency or the authorised lawyer directly. Even if you think the claim is not justified, you need to act quickly to resolve the matter. "Sitting it out" or ignoring it will not help you in this situation. Here you can find out what a default summons means and what you need to pay attention to if you have received one.

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Do you know what attachment allowance is?
Editorial Team Germany | Nov 15, 2022 3 min

Why are there collection fees/ collection costs?

Collection costs or collection fees - what is the correct term? The law and case law use the terms collection costs or collection remuneration. When it comes to the topic of collection fees, it's easy to get bad advice. This is one of the reasons why debt collection agencies suffer from a rather bad reputation. But a closer look shows that the collection remuneration is a completely justified cost.

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