Current seizure-free amounts since July 2023. For 2023 / 2024 including example calculations
The garnishment table is an overview that indicates the maximum amount of money that can be seized in the event of a wage or salary garnishment, pension benefits or other benefits. The table is based on legal requirements and is updated regularly. Overall, the seizure table is intended to ensure that a debtor still has enough money to live on even after a seizure or during bankruptcy and is not completely financially ruined.
According to this table, most people usually have significantly more money available after filing for bankruptcy than before. This is because after the application has been submitted by a suitable person or body according to Section 305 InsO (e.g. SIC SCHULDNER-INSOLVENZ-CENTRUM eV) by a debtor and insolvency advice center, creditor preferential treatment and creditor disadvantage may no longer take place. In concrete terms, this means that no more installment payments, loans or debts may be paid.
The current seizure exemption amount (since July 1, 2023) amounts to 1,409.99 euros.
Debt free in just three years
Since July 1, 2023, the seizure exemption amount has been 1,409.99 euros. Even in the event of bankruptcy, you always have at least 1,409.99 euros per month! in the account from net income for free disposal.
However, if a debtor has to pay maintenance or grants maintenance in kind (children under 25 who live at home and have no fixed income) to children or his wife, he has an even higher seizure allowance*. The increase amount for the first maintenance obligation was also increased from to 527.76 euros* on July 1st. Anyone who is required to support two to five children will receive an increase of 294.02 euros from July 1st, 2023.
Take advantage of your chance now: secure the new seizure exemption limits from July 1, 2023!
*On the CERTIFICATE (also P-account) according to Section 903 Paragraph 1 ZPO about the regulated in accordance with Sections 902 and §§ 904 ZPO.
New seizure-free amounts for checking accounts from July 2023
We have great news for you!
The new seizure exemption limits for checking accounts came into effect on July 1, 2023, and we want to make sure you are one of the first winners of these changes. Increasing the seizure allowance to 1,402.28 euros gives you even greater protection from creditors.
For those who have a P account, this means that there is seizure protection of 1,409.99 euros (rounded up accordingly in accordance with Section 899 Para. 1 ZPO). Until the end of June 2023, the current seizure exemption limit of 1,339.99 euros still applied for debtors without a maintenance obligation. But from July onwards, an impressive 1,402.28 euros will be protected in your P account. This is a significant increase that gives you more financial flexibility.
But that is not all! The increase amount for debtors who pay maintenance also increases. As of July 1st, the increase amount for the first maintenance obligation will be increased from the current 500.62 euros to 527.76 euros. A total of an impressive 1,939.99 euros cannot be seized. If you are responsible for supporting two to five children, you will receive an increase from 278.90 euros to 294.02 euros.
These changes are of great importance for your financial stability and offer you the opportunity to improve your quality of life. If you are thinking about getting out of debt and want to start a debt-free life, make an appointment now on WhatsApp number 015732478936.
To ensure that you benefit from the new seizure exemption limits right from the start, I strongly recommend that you register now on our website at https://www. Schuldner-insolvenz-centrum.de/insolvenzberatung/p-konto-bescheinigung#kontakt .
Be one of the first to benefit from the new seizure exemption limits and secure financial relief from July 1, 2023. Don't miss this opportunity to positively change your life financially. Your SIC Debtor Insolvency Center team, your experts for insolvency advice.
Information about the seizure allowances
>> Here you will find a detailed table of the seizure allowances for download as a PDF. Here you can see the exact amounts that may remain with the debtor and the amounts that may be seized in the income class. The seizure exemption amount and the basic exemption amount differ, please read our FAQ for more information.
Example calculations for the seizure allowance on the P account.
For singles, married people without children and married people with children
1. Sample calculation of the allowance - case 1: single person.
A single person has a net income of €1,500. In this case, the creditor can seize €68.40 per month! The person is left with €1,431.60.
For example, if this person has debts of €80,000, with a net income of €1,500 per month, only €68.40 per month will be seized during a 3-year bankruptcy. So after three years you are completely debt-free by only paying back €2,462.40 instead of the entire debt! The person saves a total of €77,537.60!
2. Example calculation of allowance - case 2: A married person WITHOUT children.
A married person without children has a net income of €1,980.00. According to the seizure table, €24.98 will be seized. This leaves the person with €1,955.02!
3. Example calculation of the allowance - case 3: A married person with a child:
A married person with one child has a net income of €2,300.00. Only €30.38 of this will be seized!
For example, if this person has debts of €47,000, with a net income of €2,300.00 per month, only €30.38 per month will be seized during a 3-year bankruptcy. So after three years you are completely debt-free by only paying back €1,093.68 instead of the entire debt! The person saves a total of €45,906.32!
Would you like further information, tips and tricks about the basic allowance in the event of insolvency, the processes etc?
Then send us a WhatsApp message on 49 157 324 789 36 and learn how you can benefit from your debts!
The basic allowance on the P account must be increased for this
Form for the P account allowance for quick bank approval:
If a P account is set up, only the basic allowance of €1,409.99 for a person without maintenance obligations is initially taken into account.
The account holder must have the increase in the allowance certified by an appropriate body or a lawyer. If you need such a certificate, we can provide you with one! Simply click here, fill out our form completely and send it to us. You will then receive the certificate within 2-3 working days, you can present it to your bank and benefit from your increased tax allowance without any worries and use it to make a living!
Services that cannot be seized:
- Education and parental allowanceChild benefitHousing allowanceBaföG, scholarships and study grantsBirth allowancesMarriage allowancesDeath allowanceGrace allowancesBlind allowancesTravel expenses
All earnings in this category cannot be seized in their entirety and therefore do not have to be taken into account when looking at the garnishment table.
Compensation for overtime
Overtime pay will not be garnished in full. Deduct 50% of the overtime pay before calculating the garnishable amount using the garnishment table. Only half of this can be seized.
Christmas bonus
When it comes to Christmas bonuses, special conditions apply in the event of a seizure. This is regulated by Section 850a No. 4 ZPO. Up to half of the monthly wage cannot be seized. You can keep the other half. However, there is a maximum amount of €500.00 that you can keep.
Holiday pay
Holiday pay cannot be seized. So you don't have to take it into account when you calculate the seizable amount using the garnishment table
Limits on the seizure allowances
(since July) 2023 / 2024
First overview
| alimony payer | Exemption limits up to and including June 2023 | Seizure exemption limit from July 2023 |
|---|---|---|
| 0 dependents | 1.339,99 € | 1.409,99 € |
| 1 dependent | 1.839,99 € | 1.939,99 € |
| 2 dependents | 2.109,99 € | 2.229, 99 € |
| 3 dependents | 2.389,99 € | 2.519,99 € |
| 4 dependents | 2.669,99 € | 2.819,99 € |
| 5 dependents | 2.949,99 € | 3.109,99 € |
Call us and find out in a free initial consultation whether personal bankruptcy is worth it for you.
FAQ - Seizure exemption amount and basic exemption amount
Also read: Is a P account reported to Schufa? Legal situation & justification
Financial obligations, such as overdrafts or outstanding invoices from mail order companies, can be reported to Schufa.
Schufa uses the stored data to provide information about whether a person has fulfilled financial obligations on time in the past or whether there may have been payment difficulties. But is a P account also automatically reported?
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