Consumer Bankruptcy - Independent Arbitrators

You are here: Home

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 >

[ Back ]

Main Menu

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.

Main Menu

Latest News

Newsflash

Popular