According to the Credit Information Bureau's "Credit Trends" report, the number of people with liabilities to loan companies increased by 24 thousand in the first half of 2017. Around 80% of them also have bank loans. This creates the risk that some borrowers will fall into a debt spiral by taking on more liabilities to loan companies. The interest in such companies stems from the fact that banks are withdrawing from low-amount consumer loans. - It does not seem to me...

The Sejm has referred the presidential amendment to the act on support for borrowers who have taken out a housing loan and are in a difficult financial situation to the Public Finance Committee for further work. This means that those repaying so-called Swiss franc loans can forget about the spread act and the full conversion of their obligations to złoty. However, they can effectively defend themselves against high installments and excessive debt. The act is to enter into force on 1 January 2018, if the bill of President Andrzej...

According to a study conducted by the Conference of Financial Enterprises and the Institute of Economic Development of the Warsaw School of Economics, 52.4% of Poles declare a “low” probability of saving money in the next 12 months, while 25.6% declare a “none” probability. 6% of respondents indicate a “very high” probability of saving, while 16% indicate a “high” probability. The predominance of people not planning to save is 37.8 percentage points compared to 38.4 points....

According to the new restructuring law, any entrepreneur whose company is in a difficult situation may apply to the commercial court for protection against bailiffs' executions, court executions and other actions of creditors, e.g. blocking of money by banks, in order to restore the normal functioning of the company and heal it. However, the condition is to demonstrate the reasonableness of restructuring the company through a plan, which must be presented within... 30 days. Is it possible, practical and responsible...

The new law is to come into effect at the beginning of February 2019. The KRZ will contain information on which companies are undergoing bankruptcy or restructuring proceedings. It will also contain data on people who have been in arrears with alimony for more than six months and on consumer bankruptcies. On September 7, the Ministry of Justice sent a draft of the relevant act to the government. The register is to be public and available on the Internet to everyone. The data will include information on when the company filed an application to initiate...

If everything goes according to the government's plan, the National Debt Register Act will come into force on February 1, 2019. It will contain information on companies that are in bankruptcy and restructuring proceedings, as well as data on consumer bankruptcies and people in arrears with alimony. If everything goes according to the government's plan, the National Debt Register Act will come into force on February 1, 2019. It will contain information on companies that are in...

Companies subject to restructuring or bankruptcy proceedings will be entered into the National Register of Debtors (KRZ), which is to be launched in February 2019. It will also include consumer bankruptcies and people in arrears with alimony. According to the draft act on the KRZ, which the Ministry of Justice (MS) is currently consulting with other ministries and social organizations, including entrepreneurs, the future register is to be open to everyone. Interested parties will learn from it,...

Beware of debt collectors who demand repayment of old debts – the claims may be unjustified. But the bailiff seizes the account based on the judgment. – Two weeks ago, the bailiff seized my husband's account because he allegedly traveled by bus without a ticket in 2010 and did not pay the fine – says Mrs. Maria from Bydgoszcz. He did not travel without a ticket – The problem is that he does not remember such a situation at all. He insists that he did not travel without a ticket. He is a pensioner, has a heart condition and does not have the habit of...

A new law on employee claims has been in force since September 5. They will receive their arrears earlier, and the employer's family who were employed by the employer will also be protected. The amendment to the act on the protection of employee claims in the event of the employer's insolvency allows for the acceleration of financial assistance for employees who have been deprived of their jobs and benefits after the employer ceases its operations. For years, employers have been paying contributions to the Guaranteed Employee Benefits Fund.

Debt collection companies buy time-barred debts, counting on the naivety of debtors. Some of them pay them for peace of mind, others do not react until the bailiff knocks on the door. How to defend yourself against this? PMR Restrukturyzacje has prepared a practical guide for consumers. Debt trading is a very profitable business, debt collection companies buy time-barred claims for next to nothing, and from unsuspecting customers they demand repayment of the entire debt with interest. It also happens that the claims are unjustified,...