The liquidation of the association begins with the decision of the general meeting of association members. Before deciding to liquidate, check the association’s charter. The statutes of associations often include the requirement to obtain a sufficient majority of votes to pass a resolution to dissolve the association. The statute may also regulate in detail other..
Month: October 2023
Failure to carry out the duties of the person who declared bankruptcy.
Failure to comply with the obligations incumbent on a person who has declared bankruptcy, both at the stage immediately after the declaration of bankruptcy and during the implementation of the creditors’ repayment plan, may lead to the discontinuation of the proceedings or the revocation of the creditors’ repayment plan. Therefore, it is advisable to familiarize..
What does the court ask in a property division case?
The parties to the proceedings are heard in the course of the proceedings as to the facts concerning the division of property. First of all, the court asks about the assets and their value. This is especially important if there are disagreements between the parties about the property being divided. For this reason, the support..
How does the process of completing the liquidation of a foundation work?
It is the liquidator who determines when the liquidation should end. The beginning of liquidation is determined by the date of the resolution to dissolve the foundation or the date indicated in the court’s order to order liquidation. There is no time limit in the Law on Foundations for completing the liquidation process, but in..
Do I stand a chance of getting a loan after declaring bankruptcy?
Declaring consumer bankruptcy means admitting insolvency. It is clear that for a bank or even a loan company, this means a red light. After declaring consumer bankruptcy, the person who declared it frees himself from existing debts (except for the agreed repayments), but practically cannot incur further debts.The entry of consumer bankruptcy will appear in..
What is the case in court for the division of property?
A petition for the division of joint property should be filed with the district court with jurisdiction over the location of the property, and if the jointness ceased by the death of one of the spouses – with the court of succession, that is, as a rule, the court of the last place of residence..