PAO DEBT MANAGEMENT ACCOUNTING LIMITED
平安債務管理會計事務所
1
What is personal bankruptcy and when should I consider filing one?
Personal bankruptcy is a legal process that applies when you are unable to pay your debts. You should consider filing for personal bankruptcy when your debts are beyond your means and cannot be resolved by other means.
3
Can I still own assets after personal bankruptcy?
After filing for bankruptcy, certain assets may be liquidated to pay off debts, but assets necessary for basic living, such as a basic home, car, and necessary necessities, are usually retained.
2
How long does the personal bankruptcy process take?
The entire process usually takes several months, including filling out application materials, court hearing and final decision. The specific time depends on the complexity of the case and the court's arrangement.