Publication date: 28.05.2024
Bankruptcy of an individual
In the modern economic realities of Ukraine, the issue of bankruptcy of individuals is becoming more and more urgent. Financial difficulties, credit load, unexpected expenses - all this can lead to a situation where debts become unaffordable for the average person. In this case, the institution of bankruptcy of individuals can become a solution to the problem and a chance for financial recovery.
Bankruptcy of individuals in Ukraine is regulated by the Code of Ukraine on Bankruptcy Procedures and a number of related legislative acts. This procedure allows a debtor who is unable to repay debts to go through the restructuring process or to be freed from part of the obligations by a court decision.
For the registration of bankruptcy of an individual, it is recommended to seek advice from lawyers or attorneys who specialize in this area of law. Experienced personal bankruptcy lawyers will be able to conduct a comprehensive analysis of your situation, assess the prospects of the case and provide qualified legal assistance at all stages of the process.
The main services provided by personal bankruptcy lawyers include:
- Bankruptcy consultation and assessment of the risks and benefits of the procedure.
- Preparation of the necessary package of documents for initiating a bankruptcy case.
- Representation of the client's interests in court at all stages of the case.
- Help in filing bankruptcy "on a turnkey basis" - a full range of services.
- Protection of debtor's rights during debt restructuring or property sale.
- Legal support of the procedure for declaring the debtor bankrupt.
It is worth noting that the cost of personal bankruptcy services can vary significantly depending on the complexity of the case, the region and the reputation of the law firm. Approximate prices range from several tens to hundreds of thousands of hryvnias.
However, despite certain costs, the bankruptcy procedure of individuals in Ukraine can be the only way out for a person who is caught in a debt crisis. Successful completion of this procedure allows an individual to free himself from part of his debt obligations and start his financial life with a clean slate.
Legal companies that offer personal bankruptcy services, as a rule, provide a comprehensive approach and client support at all stages - from the initial consultation to the completion of the procedure. Professional lawyers and personal bankruptcy lawyers will do everything possible to protect the debtor's rights and find the best solution to get out of a difficult financial situation.
Among the additional services of lawyers dealing with personal bankruptcy issues, it is possible to single out help in the debt restructuring procedure, representation of the debtor's interests during the sale of property, protection from creditors during the bankruptcy procedure, etc.
In general, it is extremely important to contact lawyers or attorneys for the bankruptcy of individuals, because going through this procedure on your own can be extremely difficult and risky due to constant changes in legislation and the imperfection of court practice. Only qualified specialists will be able to guarantee compliance with all necessary requirements and protect the client's interests as efficiently as possible.
