Trust acquisition is a mechanism that, despite its many advantages, is relatively rarely used in Poland. This is interesting because it is commonly used, among others, in Anglo-Saxon law. Various types of trust structures are widely used in many areas of economic activity. Table of contents: What is the institution of trust? Trust agreement for shares in a capital company The most common purposes of concluding an agreement...

Consumer bankruptcy is one of the frequently chosen ways to obtain debt relief and cope with financial problems by individuals who do not run a business. An insolvent consumer has two paths to choose from to obtain debt relief. The first is consumer bankruptcy, the second is to conclude an arrangement at a meeting of creditors. Consumer bankruptcy proceedings may be conducted under the rules of general proceedings or under the rules provided for proceedings...

Remuneration of the Trustee in Business Bankruptcy The remuneration of the trustee in business bankruptcy is one of the significant costs for people deciding to file an application to open bankruptcy proceedings. So, what remuneration can the trustee in bankruptcy proceedings count on? Read the text below and find out the answers to the questions: Who is the trustee and what is his role in bankruptcy proceedings? What does the remuneration of the trustee depend on? Who and when...

As Terry Pratchett wrote, “If you have a Plan, you are halfway there.” Projecting intentions and actions within a “healthy” business allows for time optimization, improves management efficiency and streamlines processes. As practice shows, it is also crucial for crisis management, which is why a restructuring plan is a fundamental document in restructuring proceedings as well. Table of contents: What is a restructuring plan? What are the types of...

Consumer bankruptcy is a court proceeding intended for individuals who do not conduct business activity and have become insolvent. Consumer bankruptcy allows individuals to discharge their debts and have a new chance to build their personal, family and professional life. What is consumer bankruptcy? What does consumer bankruptcy provide? Who can declare consumer bankruptcy? Who cannot...

Table of Contents A few words about the article - Posłucha Introduction Termination of community of property based on a court decision Termination of community of property as a result of divorce Termination of community of property based on an agreement Conclusion A few words about the article - Posłucha Introduction Is the wife liable for the debts of her husband or the husband for the debts incurred by the wife? The answer is not clear and easy to give. The situation...

Table of contents: 1. What is consumer bankruptcy? 2. What documents should be prepared to file a petition for consumer bankruptcy? 3. What does the procedure before the Court look like in a case for the declaration of consumer bankruptcy? 4. What does the procedure before the Trustee look like after the declaration of consumer bankruptcy? 5. What receivables are subject to write-off...

Consumer bankruptcy is definitely becoming more and more popular among people with financial problems. A large group of such people wonder whether they can declare bankruptcy without any assets and how long such proceedings will take. Table of Contents: Consumer bankruptcy - what is it Who can declare consumer bankruptcy How long does bankruptcy proceedings last How to open proceedings...

Arrangement proposals are definitely the most important document in restructuring proceedings, being both an offer and a promise that the entrepreneur makes to his creditors. Properly prepared, realistic and feasible arrangement proposals are the key to success in restructuring proceedings, because they can help to keep the company on the market and secure the redistribution of funds as part of the implementation of the arrangement, securing the protection of the legitimate rights of creditors. In this...

According to the Restructuring Law, the primary objective of the proceedings is to avoid bankruptcy. During the restructuring proceedings, the debtor and the out-of-court body carry out a number of activities aimed at improving the economic situation of the debtor's enterprise so that it can continue to operate in economic circulation. The following types of restructuring proceedings are distinguished: Arrangement approval proceedings Arrangement proceedings Accelerated arrangement proceedings Arrangement proceedings...