Social Security hunts debtors

Social Security conducted nearly 250 claims on debtors’ assets during the first six months of the year and has recovered €288 million in the process, according to data from the Ministry of Solidarity, Employment and Social Security.

The target set by the government for 2013 is to recover a total of around €600 million in Social Security debt.

Debt recovery cases registered during this first half of the year represent a 36% increase compared to the same period in 2012.

The ministry stated that debt recovery was mainly done through the debtors’ bank accounts, VAT and IRS taxes and other credits. The decision to not pawn the family home of the debtor, however, continues to be generally respected. Most taxpayers chose to pay their debt through an agreed instalment scheme. In the first half of 2013 alone, more than 4,000 instalment plans were signed.

Data from the ministry also shows that more than 13,500 managers and administrators of companies were asked to account for their debts.