Consumer Bankruptcy Warsaw

Consumer Bankruptcy Warsaw - PMR Restructuring

What is consumer bankruptcy?

Consumer bankruptcy is a legal process that gives individuals who do not run a business the opportunity to obtain debt relief in the event of insolvency. The purpose of consumer bankruptcy is to allow debtors to have a fresh financial start by writing off all or part of their liabilities

Who can benefit from consumer bankruptcy?

Consumer bankruptcy is available to individuals who: – Are insolvent, i.e. are unable to repay their debts. – Do not conduct business activity.

How does the consumer bankruptcy process work?

Submission of the application

The process begins with submitting an application for an advertisement consumer bankruptcy to the district court. The application should include information about the debtor's assets, liabilities and creditors.

Legal proceedings

The court assesses whether the application is justified. If the application is accepted, the court announces consumer bankruptcy and appoints a trustee to manage the debtor's assets.

Liquidation of assets

The trustee liquidates the debtor's assets, the funds from which will be used to repay liabilities to creditors.

Repayment plan

If the debtor has income, the court may establish a repayment plan that will be in effect for up to three years. Once the repayment plan is complete, the remaining unpaid debts are written off.

Debt relief

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

Benefits of consumer bankruptcy

A new financial start

Consumer bankruptcy allows you to start your financial life anew, free from debts that were impossible to repay.

Protection of assets

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

Realistic repayment plan

The court establishes a repayment plan that is realistic and adjusted to the debtor's income.

How can PMR Restructuring help you?

In PMR Restructuring We offer comprehensive assistance in bankruptcy consumer, including

Legal advice

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

Preparation of the application

We will take care of the 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 complicated process, but with the help of PMR Restrukturyzacja, you can get through it efficiently and effectively. Contact us to find out more about how we can help you in obtaining a fresh financial start.

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