PERSONAL BANKRUPTCY IN THE CAPITAL CITY REGION IN THE CZECH REPUBLIC

The process of debt relief through personal bankruptcies grows in importance as a way how to solve a very complicated financial situation among debtors in the Czech Republic. Personal bankruptcy is therefore one of the possible and approved ways how insolvency can be declared. In the Czech Republic we can find two ways of processing personal bankruptcy, firstly assets of the debtor can be sold and used as the repayment of the debt (partial or whole). Secondly a debtor can repay part of the debt through repayment plan depending on the amount of debtor's income. This Research aims to describe the structure of debtors from capital city of Prague in the Czech Republic from all possible aspects. Amongst these aspects we are focusing belongs gender, achieved education, their age and their total amount of debt. This Paper also describes the structure of three groups of creditors among analyzed debtors. Moreover the primary aim is to analyze what kind of person (according to age, gender, and education level) is mostly susceptible to become indebted and what extent of the total debt certain person establishes before asks for debt relief.