By Raphaël MORENON
28 March 2025
The spiral of debt can quickly spiral out of control. Unpaid bills, accumulating credit, overdrafts... When it becomes impossible to pay off non-business debts, the over-indebtedness procedure offers a legal way out. This procedure, codified in articles L.711-1 et seq. of the French Consumer Code, enables individuals acting in good faith to restructure their debts, and even to have some or all of them written off. Applying to the over-indebtedness commission: procedure and deadlines The procedure begins with the submission of an application to the Banque de France's over-indebtedness commission. This application can now be made online, as indicated in a Banque de France press release dated 8 January 2021. To be eligible, the applicant must: be a natural person (legal entities are excluded) be acting in good faith find it manifestly impossible to meet his or her outstanding debts...
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