The difficult economic situation in the country, the consequences of the global crisis, and yesterday a highly paid manager who lives in an apartment taken on a mortgage and owns a prestigious car bought on credit was left without a job. How to find a way out of the current difficult life situation of this kind bankrupt- bankruptcy nat. persons , the best option to overcome problems with minimal financial losses and start life from scratch.
The essence of the procedure for an individual
Banks and financial institutions are not interested in offering their clients in a difficult financial situation to refinance the resulting debt on favorable terms for them. Therefore, the purpose of bankruptcy legislation is to help citizens get out of the "debt trap", which every day exacerbates their situation with penalties and "wound" interest. The judicial procedure provides for 2 options for solving the problem:
Fixing the resulting debt at a certain amount without imposing penalties and interest on it for 3 years - debt restructuring. It enables the debtor to find a job, to sell his property at a profitable value (for example, to sell an apartment in a mortgage) without fuss and haste.
The debtor is declared bankrupt with the appointment of a manager of his property, which is sold and even if the proceeds are not enough to cover the entire debt, it is written off and not subject to collection.
In any case, you need to contact professionals who will deal with a specific situation that has arisen and, using the accumulated experience, will find the best way to solve it. You can ask a question, see examples of court decisions on bankruptcy of individuals or get an online consultation on the thematic website.
