2013 Volume 33 Pages 1-10
Le Conseiller en Economie Sociale Familiale (CESF) plays a major role in resolving issues of over-indebted debtors in France. The main task of CESF is to provide comprehensive counseling regarding overall household management and life planning for multiple loan debtors. In addition, The Banque de France (The Central Bank of France) contributes to solving monetary aspects of this problem. Multiple debt committees are established in bank branches and develop repayment plans for the benefit of multiple loan debtors. This is evidence of the breadth of welfare policy in France, where public institutions provide solutions to personal debt issues without charge. The French framework is a useful model for solving issues affecting Japanese multiple debtors.
