The adoption of a resolution to liquidate the foundation does not yet mean the loss of the foundation’s legal existence. The resolution to liquidate the foundation must be filed with the registry court. This is done by the selected liquidator on the appropriate application forms. The main application form should be accompanied by: 1.a resolution..
Day: August 5, 2023
What happens to debts in consumer bankruptcy with no assets?
It may seem that the lack of assets prevents debt relief. This is not true, because if a consumer bankruptcy is filed, further debt relief proceedings may proceed according to various scenarios depending on the debtor’s financial situation:1.The court may establish a repayment plan for creditors – if the debtor has no assets, but has..
Consumer bankruptcy without assets – what does the court check?
In the case of consumer bankruptcy without assets, the court first of all checks whether the debtor actually has no assets. Thus, it is important to remember that their concealment may result in the rejection of the application.It is also not worthwhile to dispose of assets in order to avoid their seizure by the receiver,..
What is not subject to property division after divorce?
Personal property is property to which only one spouse holds legal title. Personal property primarily includes property acquired before the formation of statutory community, that is, de facto, before the marriage. Any property that a spouse owned before the marriage does not come into the joint property. Personal property also includes assets acquired during the..
What is a Liquidation Report?
The liquidation report shall be prepared as of the date preceding the distribution to the partners of the assets remaining after the satisfaction or security of creditors. The report is then presented by the liquidators to the shareholders, who should approve it by a resolution of the shareholders’ meeting thereby closing the liquidation of the..
What does it mean to entrust parental authority to one parent?
The family court, when declaring a divorce, may entrust the exercise of authority to one parent, limiting the parental authority of the other parent to certain duties and powers with respect to the child. In such a situation, the court in the divorce judgment will indicate to what rights and obligations it limits the parental..