According to the Swedish Enforcement Authority, 45 percent of the applications were approved.
Applications from young people continue to decline, according to Per-Olof Lindh, head of unit at the Swedish Enforcement Authority.
Since 2023, applications in the 18-30 age group have decreased by 32 percent, while applications from people over 65 have increased by 22 percent.
According to the Swedish Enforcement Authority, debt restructuring means that you pay all or part of your debt under a five-year payment plan. In the meantime, you live on a subsistence minimum, with all income above this going towards paying off the debt.
The goal is to be debt-free when the five-year period is over.
