However, consumer bankruptcy also comes with negative consequences. The most far-reaching effect is the loss of rights to one’s property. All real estate and valuable movable property shall be used to settle the debt. Moreover, it is very common for the trustee to seize part of the salary. Thus, the debt is not only paid..
Day: September 1, 2023
How does the process of removing a foundation from the register work?
Once the liquidator has carried out all liquidation activities, he must file an application with the court to remove the foundation from the register. Before doing so, however, he should submit his liquidation report, which also includes a liquidation closing balance sheet, to the relevant foundation body for approval. The relevant body adopts an approval..
Who bears the court costs in a property division case?
Costs, as a rule, are divided 50/50 between the two parties to the dispute. However, if the participants have different interests in the outcome or their interests conflict, the court may allocate the costs relatively. It should be pointed out, however, that the court fee on the application for the division of joint property should..