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Risks Is A Part Of Business It is important to understand that if the property is registered in the name of the debtor's spouse, this does not mean that it cannot be taken away. For example, an apartment bought in marriage is a jointly acquired property. And this means that when the debtor's personal property is not enough to pay off the debt. Like If you have any kind of plan starting a candle business then also choose best candle insurance for your business that protect your company from various disasters. The law "On Enforcement Proceedings", which defines the procedure for collecting debts, provides for "inviolable" payments, which cannot be collected. For example, no more than 50% (in rare cases related to criminal liability, 70%) of the amount can be deducted from the last salary, pension or other payment transferred to the account. According to the law, the court does not have the right to collect money that the debtor receives in the form of various kinds of social payments, for example: Material help. Maternal capital. Compensation for harm. Survivor's pension and additional payments to it. Compensation (travel expenses, a bonus in connection with the birth of a child, etc.). True, there were some exceptions here: the money that was paid to you as an insurance pension for old age or disability can be taken away from you. The same applies to unemployment benefits. A complete list of "inviolable" payments is defined in Article 101 of the Law "On Enforcement Proceedings”.There is not enough money in the debtor's accounts to pay off the debt, the bailiff can confiscate the property. At the same time, the law provides that the debtor himself can indicate what should be collected in the first place. But the final decision on what exactly will be taken remains with the bailiff. It is important to observe reasonable caution: do not take out heavy loans, do not purchase too large quantities of goods - then the risks will be minimal. You will not be able to owe large amounts, because on small loans, even in case of problems, there will be less penalties Professional activities Such property will be left if its value is not more than 100 times the minimum wage. This item covers the minimum set of items without which a professional cannot work: paints and canvases for an artist, a tool for a musician. If you have your own garden or farm. At the same time, the garden itself or the vegetable garden, as we wrote above, can be confiscated. Personal Belongings The minimum required to meet the daily household needs of the debtor and his entire family will be inviolable. What exactly will be included in this minimum in each specific situation is determined by the bailiff.Luxury goods, jewelry, antiques and any other items of artistic, historical or cultural value - even if used as a household item - are likely to be taken away. The comb with diamonds and the gold pan, inherited in your family for three centuries, will also have to be given away.
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