The law stipulated only two prerequisites that a debtor is required to meet in order for the district court appropriate to his place of residence to issue a bankruptcy order. The basic condition is the insolvency of the applicant. The debtor must have lost liquidity, as a result of which he has no way to pay his debts to creditors and the ongoing costs of maintaining his home or family. A debtor is insolvent if he has lost the ability to perform his due monetary obligations. Unlike an entrepreneur, it is enough for a consumer to lose the ability to regulate only one loan. Thus, having a single liability makes it possible to declare consumer bankruptcy. It is worth emphasizing the presumption pointed out by the legislator, because the insolvency of the debtor arises when the delay in the performance of monetary obligations exceeds a period of three months, as well as when the amount of obligations of a legal person or an unincorporated organizational unit exceeds the value of the assets belonging to it, and this state of affairs persists for a period exceeding twenty-four months. The second prerequisite for declaring bankruptcy in Poland, is to maintain a center of life in the country. The debtor is also not allowed to conduct business or is required to apply for its deletion from the Central Register and Information on Business Activity.