The trend is clear: the number of households in debt distress decreases from year to year. In 2019, the files submitted fell to 143,000, according to a study by the Banque de France, including 81,000 from households filing such a document for the first time. These “first-time depositors” are 8% less than in 2018, and the lowest since the end of the 1990s. In five years, the number of households using this procedure each year, set up by the Neiertz law just thirty years ago, melted 38%.
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"We have an effective procedure in France for preventing and treating over-indebtedness," welcomed the Governor of the Banque de France, François Villeroy de Galhau when these figures were published. The nature of over-indebtedness has changed in recent years, argues the Banque de France. The share of consumer loans in financial debts, and in particular revolving loans, has declined by almost a third since 2010. To
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