Debts, foreclosures and insolvency

Consumer credit is not just borrowing money. You may have one too, without even knowing it

3. February 2025

9 minutes of reading

Do you have an overdraft activated on your account? Or did you lease a car? Then you might be wondering if you've committed to a consumer loan. So this time we'll look at what consumer credit is and what all financial products fall under the term. We'll also tell you what to look out for and how to check your credit agreement properly.

Non-bank loans and their dangers

19. January 2025

10 minutes of reading

Debts, foreclosures and insolvency

A lot of people don't have the option of taking out a loan from a traditional bank. Whether it's because of debt or a lack of official income. For this reason too, we can often come across so-called non-bank loans. What exactly does this mean, what are their advantages and disadvantages, and where can their dangers lie? You will find out in this article.

manželský pár kontroluje své závazky a dluhy

How to find out if you are in foreclosure?

3. January 2025

9 minutes of reading

Debts, foreclosures and insolvency

Are you worried that your debts have gone into foreclosure without you knowing it? Or do you know for sure that a foreclosure is pending and need to check the extent of it? Alternatively, do you need to check the debt-free status of your business partners, tenants or life partners? There are several ways to find out (free of charge) if a person is in foreclosure. We will tell you which they are and where you can find them.

When is it worth taking out a mortgage on one spouse?

23. December 2024

8 minutes of reading

Debts, foreclosures and insolvency

Mortgages are, with a few exceptions, the most common way of financing housing. Not everyone has millions to spare. But how does a mortgage on one spouse work? If you're thinking about taking out a mortgage and only one of you is considering it, read our article. We'll explain in detail what a one-spouse mortgage entails, what to look out for and how to decide if this is the right solution for you.

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Accessories to the debt: what can the creditor recover over and above the debt?

7. November 2024

7 minutes of reading

Debts, foreclosures and insolvency

Often the claim is not just about the debt (principal) itself. Creditors also have the right to recover ancillary debt, which may include interest on late payment, contractual penalties and costs associated with the recovery of the debt. Read on to find out what all can be included in ancillary debt and what the law allows for its recovery. We will also explain how set-off works and how it is applied in practice.

Debtor default: what if you don’t meet your obligation within the time limit?

24. October 2024

7 minutes of reading

Debts, foreclosures and insolvency

Default is a situation where the debtor fails to meet his or her obligation within a specified period of time. Let's look at the concept of debtor default from a legal perspective and see what consequences and obligations it entails not only for the debtor but also for the creditor. We will also tell you how interest on default is calculated or what both parties can do to deal effectively with a situation where default occurs.

Can’t manage to enforce your performance? Assignment of debt can help you

8. October 2024

9 minutes of reading

Debts, foreclosures and insolvency

In the next article on receivables, we will look at what an assignment of receivables means, how accession to debt works or how to prepare an assignment agreement. This information will come in handy if someone has not paid you an invoice or otherwise owes you money, but you would rather leave the collection of your money to someone else.

Bad debt or a debt that no one (maybe) will pay you back

7. October 2024

7 minutes of reading

Debts, foreclosures and insolvency

Imagine that you deliver goods, perform a service or lend money to someone, but they don't pay you back. In most cases, such a situation can always be resolved. Unless it is a bad debt. In that case, recovery is a bit more complicated (euphemistically speaking). Find out more about bad debt, it may concern you too.

Priority claim or who has priority right to your money when you owe

4. October 2024

7 minutes of reading

Debts, foreclosures and insolvency

If you borrow money from someone and draw up a contract to that effect, or enter into such a contract through another legal or commercial relationship, you become a debtor with an obligation to repay the creditor. Claims can take many forms, but we will focus today on preferential claims.

Types of payment orders: are you familiar with them?

27. September 2024

7 minutes of reading

Debts, foreclosures and insolvency

A payment order is a legal instrument used to expedite court proceedings for monetary claims. Its main purpose is to enable the creditor to obtain a court decision without having to go through a lengthy and costly court hearing. In other words, the court will order you to pay the amount of money that the claimant is demanding. What are the types of such orders and how do they differ?

Do you want to borrow? There’s a slight catch to a consumer purpose loan

23. September 2024

7 minutes of reading

Debts, foreclosures and insolvency

The purposeful consumer difference is not different from the non-purposeful one only in name. Both consumer loans are common financial tools that many people use to cover their needs when they are short of funds. How does a consumer purpose loan differ from a non-purpose loan, what must the loan agreement contain and what are your rights if you borrow?

mladý pár přemýšlí, jak předejít exekuci

How to protect property from foreclosure?

18. August 2024

9 minutes of reading

Debts, foreclosures and insolvency

Naturally, none of us wants to get into foreclosure. The most prudent among us may find it risky to take out even a regular loan or hire purchase, while others use another loan to make ends meet and do not admit the possibility of over-indebtedness. So what is a reasonable rate and how do we go about avoiding foreclosure? And how do we defend ourselves if foreclosure occurs?

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Article topics:

Termination of employment

Working time

Type of work

Employment contract

Agreement to perform work

Court of Registration

Contractual penalty

Termination by agreement

Severance Pay

Working time account

Identification number

Notary

Immediate termination of employment

Homeowners Association (HOA)

Case

Incapacity for work

Agreement on termination of employment

Cooperative apartment

Customs administration

Consumer credit is not just borrowing money. You may have one too, without even knowing it

Non-bank loans and their dangers

How to find out if you are in foreclosure?

When is it worth taking out a mortgage on one spouse?

Get advice from online lawyers

Accessories to the debt: what can the creditor recover over and above the debt?

Debtor default: what if you don’t meet your obligation within the time limit?

Can’t manage to enforce your performance? Assignment of debt can help you

Bad debt or a debt that no one (maybe) will pay you back

Priority claim or who has priority right to your money when you owe

Types of payment orders: are you familiar with them?

Do you want to borrow? There’s a slight catch to a consumer purpose loan

How to protect property from foreclosure?

Get advice from online lawyers

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