It must be noted that after 2015, the number of debtors, registered within the Debtor Registry totaled 143,517 while by the end of 2014 C 133,583.
The data while in the Debtor Registry changes right away when the new debtors are registered and people who repay the ?debt are stripped away from a list.
Experts think that the main reason for this kind of rapid and significant boost in the volume of debtors could be the devaluation of the national currency, which concluded in an increase in debts – particularly with respect to those people who have loans while in the forex.
Their debt has grown by 40% due to the depreciation in the lari ?by 40%. While revenues while in the national currency at best remained unchanged, at worst C happen to be lost.
In this situation, many borrowers cannot cover their debts in spite of the various proposals on restructuring offered by commercial banks.