The financial situation of some individuals makes it impossible for them to keep up with their financial obligations. In such a difficult moment, various ideas may come to mind on how to handle the situation. One possible solution is consumer bankruptcy. But what exactly is consumer bankruptcy? Consumer bankruptcy is, in essence, a court proceeding […]
Consumer Bankruptcy. What is it and how to file for it? Read More »
Running a business comes with responsibility for liabilities and the concept of insolvency. At the same time, an entrepreneur is required to make timely payments and monitor the company’s financial condition, as a petition for bankruptcy must be filed within the prescribed timeframe. The basics, obligations, and consequences will be explained further in this article.
Entrepreneur’s Bankruptcy Read More »
The modern world is incredibly complex. Often, we are not even aware that most of our daily actions have legal implications. Even a simple act like purchasing a bus ticket is, in fact, a form of contract. However, there are life, business, and financial situations in which the legal aspect becomes predominant—and we may find
When Is It Worth Consulting a Legal Adviser? Read More »
A marital crisis can happen to virtually anyone, and the breakdown of a marriage is not uncommon. Many couples face the choice between divorce or legal separation. But what exactly is the difference? And what do they have in common? Breakdown of Marital Cohabitation In both divorce and legal separation, we speak of a
Divorce vs. Legal Separation – Differences and Similarities Read More »
A court hearing can be a stressful and uncertain experience. Proper preparation can reduce anxiety and, in many cases, improve the chances of a favorable outcome. This concise guide will walk you through how to effectively prepare for a court hearing, step by step. As an experienced legal advisor, I know how crucial it is
How to Prepare for a Court Hearing? A Step-by-Step Guide Read More »
Bankruptcy proceedings are a complex process aimed at settling the debts of an insolvent debtor towards their creditors. Creditors—individuals or institutions to whom the debtor owes money—have specific rights designed to protect their interests and enable them to recover part of the amounts owed. In this article, we explain what rights creditors have during bankruptcy
Bankruptcy Proceedings – How to Effectively Pursue Claims? Read More »
Contractual penalties are a common tool for protecting the interests of parties in civil law contracts. Their purpose is to safeguard against potential failure to perform obligations or improper performance thereof. However, contractual penalties are not always legally justified. In this article, we explain exactly what contractual penalties are, under what circumstances their use is
Contractual Penalty – What Is It and When Is It Justified? Read More »
Divorce is a challenging time, full of emotions and difficulties. One of the most important aspects to resolve is the division of marital property. If not handled properly, it can lead to prolonged conflicts and complications. In this article, we’ll discuss – from the perspective of a legal advisor – how to effectively divide assets
How to Divide Marital Property After Divorce? Read More »
Imagine that you’re in the middle of bankruptcy proceedings, and you find out you’ve inherited an inheritance. What happens to that inheritance? What should you know? In this article, we clarify key issues that may arise. According to inheritance law, a person’s death triggers the opening of the inheritance. The inheritance includes all property rights
Inheritance and Bankruptcy of the Heir – What You Need to Know Read More »
When we talk about bankruptcy proceedings, the term “bankruptcy estate” often comes up — discussions revolve around what is and isn’t included in the estate. But what exactly does this term mean? What is the bankruptcy estate? The bankruptcy estate includes everything you own that can be used to repay debts. The key date
Bankruptcy Estate – What Is It and What Does It Include? Read More »
