Consumer insolvency Białystok

Consumer Bankruptcy Białystok - PMR Restructuring

Definition of consumer bankruptcy

Consumer bankruptcy is a legal process applied to individuals who do not run a business and are in a difficult financial situation. Thanks to this procedure, it is possible to write off some or all of the liabilities, which allows you to regain financial balance and start a new chapter of life without the burden of debts.

Who can benefit from the consumer bankruptcy procedure?

Consumer bankruptcy is intended for people who: – Are insolvent and have no way of repaying their debts. – Do not conduct business activity.

How does the consumer bankruptcy process work?

Submission of the application

The procedure begins with the submission of application for consumer bankruptcy to the district court. The application should include detailed information about the assets, liabilities and the debtor's creditors.

Legal proceedings

The court considers the validity of the motion. If it finds it justified, it announces consumer bankruptcy and appoints a trustee who takes over the management of the debtor’s assets.

Liquidation of assets

The trustee liquidates the debtor's assets and uses the proceeds to repay creditors.

Repayment plan

If the debtor has income, the court may set a repayment plan for up to three years. Once the repayment plan has been completed, outstanding debts are written off.

Debt relief

After the process is completed, the debtor receives a debt relief, which means that he or she is freed from the liabilities covered by the bankruptcy proceedings.

Benefits of consumer bankruptcy

A fresh financial start

The procedure allows you to restart your financial life without the burden of debt.

Protection of assets

In some cases, it is possible to retain some of the assets necessary for day-to-day functioning.

Realistic repayment plan

A repayment plan adapted to the debtor's actual financial capacity.

Support offered by PMR Restructuring

At PMR Restructuring we provide comprehensive assistance at every stage of the bankruptcy process, including

Legal advice

Our experts help you understand the consumer bankruptcy process and assess whether it is the right solution for your situation.

Preparation of the application

We provide professional preparation and filing of an application for consumer bankruptcy, taking care of all required formalities.

Support during the process

We provide support at every stage of insolvency proceedings, providing professional advice and representation before the court.

Contact Us

Process consumer bankruptcy can be complicated, but with the help of PMR Restrukturyzacja it can be done efficiently and effectively. Contact us to learn more about our services and how we can help you regain financial balance.

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