Best Restructuring & Insolvency Lawyers in Silves
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List of the best lawyers in Silves, Portugal
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Portugal Restructuring & Insolvency Legal Questions answered by Lawyers
Browse our 2 legal questions about Restructuring & Insolvency in Portugal and read the lawyer answers, or ask your own questions for free.
- Can I keep my primary family home if I file for personal insolvency with debt discharge in Portugal?
- My spouse and I have accumulated significant bank debt and can no longer cover the monthly installments due to rising living costs. We want to apply for personal insolvency and seek exoneration of remaining liabilities after five years, but we are terrified of being evicted. Does the trustee automatically sell... Read more →
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Lawyer answer by mohammad mehdi ghanbari
Assuming Austrian law, the family home is not automatically sold merely because you open personal insolvency proceedings. However, there is no broad “homestead exemption” that automatically protects an owner-occupied house. Your ownership share generally becomes part of the insolvency estate,...
Read full answer - In Portugal, can I start a personal insolvency to stop wage garnishment and keep my car for work?
- I live in Portugal and have several overdue loans, and a creditor has started wage garnishment. I need my car to commute for work and I’m worried it could be seized. What insolvency option could pause enforcement and what documents would I need to file?
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Lawyer answer by D'Lawyers - Sociedade de Advogados
Good morning, You must file a lawsuit in court, through a lawyer, to declare yourself insolvent. Let us know if you need support. Diana de Avelar Bandeira D'Lawyers
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