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Not surprisingly, some of the first measures enacted after the Nazis came to power were aimed at alleviating the threat, felt by the majority of Germans in the wake of the Depression, of eviction and repossession. Several early Nazi laws restricted the right of creditors vis-à-vis debtors so as to prevent ‘the impoverishment of the people.’ The 1938 Old Debt Eradication Law invalidated hundreds of thousands of titles to collectible debts. The Law for the Prevention of Misuse of Repossession, passed in 1934, was directed against what was seen as the ‘nearly unlimited freedom enjoyed by creditors’ in the past. (en) |
