Dear mortgages, demands for access to suicide prevention law are increasing

More and more families are seeking access to suicide prevention legislation, especially as they are drowning under the weight of debt due to the rise in the variable rate mortgage installment and in some cases even up to 50%. The alarm was given by Letterio Stracuzzi, head of Italian Social Protection, an association that has been meeting with Crisis Service Bodies since 2017 with over-indebted families and businesses planning to access Law 3/2012. With this law, the debtor can propose a debt restructuring plan by paying what he can actually pay, ensuring dignified survival for himself and his family.

Stories of those who could not pay the loan

Among the many stories is the story of Paola (fancy name), a separated mother with 2 young children to take care of, residing in the municipality of Cologno Monzese. She works as a receptionist in a gardening company with a permanent contract and a net salary of 1600 Euros per month. After the divorce, the ex-husband no longer contributed to the payment of the mortgage on the first house and did not pay the maintenance allowance. If he paid 480 euros per month for the mortgage until 2022, now he has to pay 910 euros. The current value of the property is equal to 85,000 Euros.

Francesco (dating name), an administrative employee at a consulting firm in Milan, is also in a situation where his family is heavily indebted. Francesco is married and has a three-year-old son. He earns well, 2,150 euros a month, but his mortgage payment has gone from 500 to 1,010 euros in a few months, eroding half his salary.

Objection to Law No. 3/2012 for high rents

These two stories bear witness to how the problem of over-indebtedness due to high mortgages has escalated and has also affected wealthy regions such as Lombardy. The association explains that there are thousands of families in distress in Milan and its province. The problem concerns not only mortgages (3.5 million families with variable rates) but also rents, and more and more families (especially young people) are turning to the Crisis Adjustment Units for help.

Continue reading at Today.it

Source: Today IT

\