Germany
Maximilianstr. 280539 München
Germany+49 89 4444 373-20
Kanzlei Verbracken & Partner
Debts over EUR 80,000: routes to a fresh start
High debts require a plan that fits your income, family and commitments. We help people with debts exceeding EUR 80,000 assess German and European options. The amount alone does not determine the appropriate procedure.
Start with a complete picture
List each creditor, principal, interest, charges, security and pending deadlines. Separate personal debts from company liabilities. A guarantee or liability notice may connect them. Include disputed claims and explain why you consider them unfounded. This gives the professionals reviewing your case a usable starting point.
Settlement, German proceedings or EU insolvency?
A settlement needs a sustainable offer and the necessary agreement. German insolvency may be an alternative where orderly repayment is unrealistic. Foreign proceedings additionally require appropriate jurisdiction and a workable living arrangement. Compare overall cost, covered debts and obligations rather than advertised duration alone.
The same amount can mean different situations
Illustrative situations: EUR 100,000 in unsecured loans with a regular income raises different questions from EUR 250,000 in guarantees. For EUR 1 million involving property and several countries, security and jurisdiction become particularly important. These are hypothetical situations, not client cases or predictions of a debt reduction.
What to prepare for assessment
Prepare a creditor list, current income records, household expenses, tax notices and contracts. Add property, co-debtor and previous-proceeding details. Flag urgent notices or deadlines at the outset. Avoid hurried asset transfers or additional borrowing simply to make the immediate position look better.
Who our service is for
Our focus is personal debts exceeding EUR 80,000, including self-employed people, business owners, employees, retirees and unemployed people. This threshold describes our service, not a statutory eligibility condition. Whether international support is affordable and appropriate depends on your individual circumstances.
Your situation deserves a clear next step.
We assess your circumstances personally and involve the appropriate professionals for legal and tax questions.