Monday, February 2, 2015

Social Security made 374,000 foreclosures in 2014 – Daily News – Lisbon

Social Security made 374,000 foreclosures in 2014 – Daily News – Lisbon

The Social Security initiated last year, 374 150 seizures of goods between bank accounts, credit, real estate and salaries, totaling 5.2 billion euros.

The numbers, that the Morning Post had access, are the Ministry of Solidarity, Social Security and Employment. By averaging, were seized 433.5 million euros a month, with the value of the liens risen more than 600 million euros in 2014, ie 11%.

According to the Morning Post also coercive debt collection by Social Security reached a record of 608.8 million euros, ie, 50.7 million euros per month. Since the government took office in 2011, coercive debt collection rose 68.8 million euros. In 2011, enforced recovery was 540 million euros.

The Ministry data also show that from January to September 2014 were registered at the Social Security an average of 700 requests for payment of debts in installments.

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