Consumer Bankruptcy Lodz

Consumer Bankruptcy Lodz - PMR Restructuring

What is consumer bankruptcy?

Consumer bankruptcy is a legal procedure that allows individuals who do not run a business to get out of debt in the event of permanent insolvency. Thanks to consumer bankruptcy, the debtor can obtain the cancellation of some or all of their obligations and regain financial stability.

Who can benefit from consumer bankruptcy?

Consumer bankruptcy is available to people who: – Are insolvent, i.e. are 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 with the district court. The application must contain detailed information about the debtor's assets., its liabilities and 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

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

Benefits of consumer bankruptcy

A new financial start

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

Protection of assets

In certain cases it is possible to retain some of the assets 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 Restrukturyzacja we offer comprehensive assistance in the field of: consumer bankruptcy, including

Legal advice

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

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 the insolvency proceedings, offering professional advice and representation before the 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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