Hello!
First it should be asked help and advice from municipal financial and debt counsellors. They help for example to negotiate with creditors and arrange debts and a schedule for payment. The last option for solving over-indebtedness is to apply for debt restructuring for private individuals and municipal financial and debt counsellors can help to make a debt restructuring application.
Debt restructuring must be applied for by filing a debt restructuring application form confirmed by the Ministry of Justice at the district court of the debtor's domicile. After the application the district court examines, if there are the preconditions for debt restructuring and there are no impediments. The preconditions are: 1) the debtor has first attempted to reach a settlement with his or her creditors, 2) the debtor is unable to pay off his or her debt, and this situation is not expected to change, 3) the debtor's solvency has substantially deteriorated due to an essential change in his or her situation such as unemployment, incapacity to work or illness, so for or reasons not caused by the debtor, and 4) the amount of debt is unreasonably high as compared to the debtor's capacity to pay and there are significant reasons for debt restructuring. The impediments for debt restructuring are for example that insolvency is temporary (due to studies or maternal leave is estimated to be temporary in nature) or the debtor can settle his or her debt by selling assets not included in basic security, or by reducing expenses or increasing income.
If the preconditions for debt restructuring are fulfilled and there are no impediments, the district court will initiate the debt restructuring process. During the process the debtor will get a payment scheme. When the payment scheme ends, the debtor will be free of debt, if he or she has fulfilled his or her payment obligations, which are determined in the payment scheme.
So first you should ask help from municipal financial and debt counsellors. They can estimate your situation and tell, what is the best solution for you. The preconditions for debt restructuring are a quite strict and that is the last option.
Huomaathan, että lainsäädäntö on saattanut joiltain osin muuttua. Varmista asiasi lakipuhelimesta, soita 0600 12 450.
Minilex
60 vastausta
Soita lakimiehelle - 0600 12 450
First it should be asked help and advice from municipal financial and debt counsellors. They help for example to negotiate with creditors and arrange debts and a schedule for payment. The last option for solving over-indebtedness is to apply for debt restructuring for private individuals and municipal financial and debt counsellors can help to make a debt restructuring application.
Debt restructuring must be applied for by filing a debt restructuring application form confirmed by the Ministry of Justice at the district court of the debtor's domicile. After the application the district court examines, if there are the preconditions for debt restructuring and there are no impediments. The preconditions are: 1) the debtor has first attempted to reach a settlement with his or her creditors, 2) the debtor is unable to pay off his or her debt, and this situation is not expected to change, 3) the debtor's solvency has substantially deteriorated due to an essential change in his or her situation such as unemployment, incapacity to work or illness, so for or reasons not caused by the debtor, and 4) the amount of debt is unreasonably high as compared to the debtor's capacity to pay and there are significant reasons for debt restructuring. The impediments for debt restructuring are for example that insolvency is temporary (due to studies or maternal leave is estimated to be temporary in nature) or the debtor can settle his or her debt by selling assets not included in basic security, or by reducing expenses or increasing income.
If the preconditions for debt restructuring are fulfilled and there are no impediments, the district court will initiate the debt restructuring process. During the process the debtor will get a payment scheme. When the payment scheme ends, the debtor will be free of debt, if he or she has fulfilled his or her payment obligations, which are determined in the payment scheme.
So first you should ask help from municipal financial and debt counsellors. They can estimate your situation and tell, what is the best solution for you. The preconditions for debt restructuring are a quite strict and that is the last option.
Huomaathan, että lainsäädäntö on saattanut joiltain osin muuttua.
Varmista asiasi lakipuhelimesta, soita
0600 12 450.