WE FIGHT FOR A CULTURAL CHANGE

FINANCIAL CRISIS AND INSOLVENCY IS BEING TREATED IN GERMANY LIKE A TABOO. TEAM U WANTS TO CHANGE THAT – BY LAUNCHING PROJECTS, GENERATION DISCUSSIONS AND SUPPORTING RESEARCH.

The facts and figures are incredible: In the year 2014 alone approximately 850,000 people in Germany were going through insolvency processes. More than 6.7 million people have been and still are indepth over a longer period. These figures remain at this level and tend to increase further. Hence not without dramatic consequences for the German economy: according to the Federal Office of Statistics insolvencies are causing a loss of over 50 billion Euro and more than 230,000 jobs every year. This means millions of people are being affected.

Particularly in Germany failing your business is largely being tabooed and stigmartised. Therefore also the entrepreneurs themselves very often feel personally ashamed and looked at with disregard. Very different in the States for example: entrepreneurship has a high value and failing will be considered as an encouragement to start all over again.

When you find yourself in a financial crisis it is often very difficult to get the right support or it is very expensive. A number of companies go bankrupt as a result of this difficulty. Unfortunately nobody explores the reasons behind failure or what it would need to re-start again.

Having gone through insolvency processes sometimes makes it impossible to get a bank account for example, or to hire an appartment or even to get a new contract with an energy supplier. The German SCHUFA (General Credit Protection Agency) will list you as a non-creditworthy person for several years to come.

Team U wants to fight for justice in these matters. We launch different projects, encourage discussions and support research to help improve this appalling situation in Germany. If you would like to find out more on these topics you can find the most important terms in our glossary.

YOUR SUPPORT IS NEEDED

We need to raise funds to be able to increase discussion, organise forums like ‚insolvency anonymous' and maintain our hotline. We are very grateful for any kind of contribution.

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