Insolvency proceedings affect many issues concerning the life of an indebted person. The effects of bankruptcy can extend to actions taken by indebted persons before, during and after bankruptcy proceedings.
Many times questions and doubts arise, as each person's case is unique and unrepeatable. Bankruptcy legislation can seem difficult, especially for people who do not deal with it on a daily basis. The industry jargon seems to be completely incomprehensible and the whole procedure not entirely clear and sometimes even incomprehensible.
The matter is not made any easier by the many myths circulating on the Internet and in society regarding: consumer bankruptcy and there is no shortage of incorrect or incomplete information on the subject. This causes many problems and usually leads to unpleasant consequences for the bankrupt. We are often approached by clients who have already been declared bankrupt and have been unpleasantly surprised by the consequences they have to face - despite the fact that the bankruptcy petition was drawn up by a professional entity, they did not receive professional and comprehensive advice on the positive and negative aspects of bankruptcy proceedings.
Many people also try to carry out certain property transactions on their own, in order to preserve possessions and protect them from sale by the trustee. Ignorance of the law can lead to confusion if the ineffectiveness of such actions is raised in bankruptcy proceedings, and such situations are unfortunately extremely common.
It should be borne in mind that insolvency proceedings are a judicial process and requires a certain degree of formalism and timeliness. Failure to comply with formal requirements or meet certain deadlines may destroy the meaning of the entire bankruptcy proceedings.
Our work is guided by the overarching goal of which is helping people in debt in difficult situations. How can we help you?? Leave your contact, and we will contact you immediately.
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