ABSTRACT
Despite the economic and social impact of the large number of badly performing loans in Hungary there is no legal definition of or doctrinal debate about the concepts of indebtedness and over-indebtedness. Banking practice and central statistics operate with the concept of payment delay (more than 90 days’ delay is considered as payment difficulty) with different scales of severity when recording the actual status of the debtors on the ‘market of loan reimbursement’.
