Subject and Keywords:
main target of consumer bankruptcy ; debt reduction ; writing of the debts ; position of a debtor and a creditor ; consumer bankruptcy ; striking a bargain with creditors assembly ; plan of repayments
The study is devoted to the issue of a debt reduction as a main target of consumer bankruptcy and its relation to the creditor’s satisfaction, which is limited only to the debtor’s abilities. The subject matter of the debt reduction is showed in its three legal forms: establishing the plan of repayments then writing off the rest of the debts, writing of the debts without previous repayments and striking a bargain with creditors assembly. These leads to the conclusion, that the present conditions of consumer bankruptcy law settles privilege for consumer and makes the disproportion between the position of a debtor and a creditor distinct.