Meet the blog about consumer bankruptcy. Here in an accessible and transparent way, we will share with you the knowledge on the institution of consumer bankruptcy, i.e. debt reduction. Not without a good reason it is said that bankruptcy allows the consumer to start a new life without encumber debt. Consumer bankruptcy is sometimes called the remedy for the evil spiral of debt. As for the blog, you can be sure, it will be matter-of-fact, concise … but also with humor way of delivering thoughts. We warmly invite you all to walk the path of bankruptcy law along with us. Come stay with us.
Proceedings regarding the issue of consumer bankruptcy are special ones. It is not always possible to count on the declaration of bankruptcy after the very first hearing. Applications are judged by the Courts with high accuracy and caution. It often happens that the Courts reject the application. This concept should not be confused with the […]
The institution of consumer bankruptcy was created in order to help a debtor who has ceased being solvent. This assistance relies on forfeiting of all debtor’s liabilities. However, this does not happen automatically, but at the time of announcing the decision on the declaration of bankruptcy. The first step in the proceedings is appointing an […]