Personal insolvency
Procedures for restoring the solvency of individuals and private entrepreneurs: restructuring of debts and repayment of arrears. Protection against pressure from creditors and lawful release from unmanageable obligations.
Why PROCTOR
The insolvency procedure for an individual has to balance the interests of the creditors against the right of a person to financial recovery.
PROCTOR analyses the structure of the client's assets, the sources of the debt, the family and corporate assets, the scope for restructuring the debts and the risks of losing property.
We shape an individual strategy that protects the lawful interests of the client as fully as possible and secures their financial stability once the procedure is complete.
How the insolvency procedure runs
The path from checking the debts and the property to the court ruling releasing the person from obligations.
01
Review of debts and property
We list the loans, the guarantees and the enforcement proceedings, check the property of the client and their spouse, and assess what the law protects and what will go up for sale.
02
Choice of procedure
We compare the restructuring of debts with the repayment of arrears and show the consequences of each option for the home, the income and the status of a private entrepreneur.
03
Preparation of the application
We collect the declaration of assets and the documents on income, debts and transactions of recent years, and draft the application to open proceedings.
04
The court procedure
We represent the client at hearings, work with the restructuring manager, agree the payment plan with creditors and take the pressure of debt collectors and bailiffs off the client.
05
Close and write-off
We take the procedure through to the ruling releasing the client from their debts and support the lifting of attachments and the closing of enforcement proceedings.
Formats of support in the procedure
The scope of work depends on the size of the debts, on the property held and on whether you are a private entrepreneur.
Check of the prospects
A one-off consultation going through the debts and the property: whether your case fits the procedure, what you risk losing and which of the two scenarios suits you.
Preparation and filing
Collection of the full set of documents and the declaration of assets, drafting of the application and its filing with the court, with support until proceedings are opened.
The procedure end to end
Conduct of the case from the first consultation to the ruling releasing you from obligations: hearings, work with the manager, the restructuring plan, protection of the family's property.