Consumer Bankruptcy Krakow

Consumer Bankruptcy Krakow - PMR Restructuring

What is consumer bankruptcy?

Bankruptcy is a legal process that allows individuals who do not run a business to obtain debt relief in the event of permanent insolvency. It is a way to regain financial stability by writing off some or all of the debts.

Who can benefit from consumer bankruptcy?

Consumer bankruptcy is available to people who: – Are insolvent and unable to settle their debts. – Do not conduct business activity.

How does the consumer bankruptcy process work?

Submission of the application

The process begins with the filing of an application to the district court. The application should include information about assets, liabilities and the debtor's creditors.

Legal proceedings

The court assesses the validity of the application. If the application is justified, the court declares consumer bankruptcy and appoints a trustee to manage the debtor's assets.

Liquidation of assets

The trustee liquidates the debtor's assets and uses the funds obtained to repay liabilities to creditors.

Repayment plan

The court may establish a repayment plan for up to three years, adjusted to the debtor's financial capabilities. After the repayment plan is completed, the remaining unpaid debts are written off.

Debt relief

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

Benefits of consumer bankruptcy

A new financial start

It allows you to start your financial life anew, without unpayable debts.

Protection of assets

In certain cases, you may retain some of your assets that are necessary for day-to-day functioning.

A realistic repayment plan

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

How can PMR Restructuring help you?

At PMR At PMR Restrukturyzacja we offer comprehensive assistance in the field of consumer bankruptcy, including:

Legal advice

Our experts will help you understand the personal bankruptcy process and assess whether it is the right solution for you.

Preparation of the application

We will take care of the comprehensive preparation and filing a petition for consumer bankruptcy, taking care of all formalities.

Support during proceedings

We will support you at every stage of bankruptcy proceedings, providing professional advice and representation in court.

Contact Us

Consumer bankruptcy can be a complex process, but with the help of PMR Restrukturyzacja you will get through it efficiently and effectively. Contact us to find out how we can help you get a fresh start financially.

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