Recently, there has been a trend when individuals receive loans out of necessity or due to the influence of information, and without taking into account all the necessary nuances regarding interest rates. In the future, this leads to a rather difficult situation, when such a person needs options for solving such problems. Today, there is a declaration of bankruptcy of an individual, which is the most common option.
When can bankruptcy be declared?
In order to receive the possibility of bankruptcy as an individual, it is necessary to meet certain conditions, including the established amount of debt, the cessation of repayment of loans and other payments, the absence of property under enforcement and evidence of the impossibility of meeting monetary obligations.
Various types of debts, such as loans, bank credits, fines, tax arrears, and others, can be written off under the bankruptcy procedure of an individual.
After the successful completion of the bankruptcy procedure, the individual is released from the demands of creditors and obligations.
Importantly! Some debts that are related to alimony, health damage, or personal circumstances cannot be discharged through the bankruptcy process.
To carry out such a procedure as bankruptcy, you need to have enough patience and time in reserve, since acquiring the status of bankrupt is possible only in court. In order for the whole procedure to be successful, it is necessary to find an experienced lawyer on this issue.
The role and actions of the lawyer
First of all, a lawyer is a professional in his field, who will provide all the necessary assistance in solving the bankruptcy issue, provide legal assistance, and also provide protection in court proceedings.
Such a person has the necessary knowledge to solve your financial problems, which may include the need for:
- recovery of the financial situation;
- analysis of the financial situation;
- solving questions and possible problems with the bank;
- representing you in court;
- assistance in concluding agreements with the bank and/or other creditors on debt restructuring, interest rate reduction, payment deferment or other ways of reducing
- the burden on your finances.
Also, a lawyer, if necessary, will help solve the problem with debt collectors, as well as provide you with legal advice and protect you from illegal actions of debt collectors.
A bankruptcy attorney is also necessary in the event that your financial situation has become so difficult that you cannot cope with the debts on your own, and will do everything necessary to ensure that you receive the best conditions in bankruptcy in court.
However, there is no need to wait for a sudden “everything will pass”, by applying now you will receive a qualified consultation from the lawyers of the company “Prykhodko and Partners”, where specialists will be happy to help you in this difficult process.
Bankruptcy lawyers of the law firm “Prykhodko and Partners” will do everything possible to ensure that you get the desired result with minimal costs and worries.