10 things to know about consumer bankruptcy

Contrary to popular belief, consumer bankruptcy is not something to be feared. For a debtor who is unable to repay the loans he or she has taken out, plagued by foreclosures and shunned by debt collectors, it is the only way out of the debt spiral.
However, before applying to the court for bankruptcy, it is useful to know how to prepare for it in order to avoid mistakes and unpleasant legal consequences.
The purpose of consumer bankruptcy is to discharge the consumer's debt, and the satisfaction of creditors is moved to the background. And this is how it differs consumer bankruptcy from corporate bankruptcyThis often allows debtors to get out of debt. grey zone and start a “second life”. So what is worth knowing about this procedure?

10 things worth knowing about consumer bankruptcy – an advisory article on the di24.com.pl website by Małgorzata Anisimowicz, President of the Management Board of PMR Restructuring and qualified restructuring advisor.

The article appeared on the Dziennik Internautów website (di24.com.pl):01 October 2021. We invite you to read the full version:" 10 things to know about consumer bankruptcy

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