 |
You are here: Home 
Bankruptcy Consumer Bankruptcy
Bankruptcy Consumer Bankruptcy
| Consumer Bankruptcy |
|
|
| Written by admin | |
| Monday, 19 January 2009 | |
|
Thanks to the Law on Bankruptcy, consumer who can not cope with the payment of financial obligations, will be able to once in ten years to declare bankruptcy. This will be possible only under warunkiemm that the debt was for reasons beyond their control, for example an accident, chronic illness or involuntary job loss.
Please note, however, that bankruptcy does not mean that the consumer will be freed from the burden of liabilities. For example, the court may order the sale of the debtor's apartment, and if it is not enough to impose on him a five-year repayment plan. During this time the consumer bankrupt will not be able to make purchases with deferred payment date or in installments. The new rules take effect in the first months of next year. |
| Next > |
|---|
Main Menu
| Home |
| Accident & Injuries |
| Bankruptcy |
| Business & Financial |
| Criminal Law |
| Consumer Law |
| Employment Law |
| Family Law |
| Immigration Law |
| Real Estate Law |
| Tax Law |
Latest News
Newsflash
| In any modification of child support there must be a judge to approve and legally enforce the order. The custodial and non custodial parent cannot legalize any agreement when modification for child support is involved without any judge. In any change of agreement the court must be requested to hold a hearing in which each of the party can argue the pros and cons of the proposed modification. In such hearing, both parties need to be represented by their lawyers like the Detroit family law attorney. In general, the court will not modify any existing order unless the parent proposing the modification without showing any changed circumstances. This rule encourages stability of arrangement and helps prevent the court from becoming overburdened with frequent and repetitive requests. |
Copyright © 2005 - 2010 Independent Arbitrators.
Designed by JoomlArt.com
Joomla! is Free Software released under the GNU/GPL License.
