What are the obligations of the debtor in debt relief?

  1. Carry out a reasonable gainful activity and, in the event that he is unemployed, strive to obtain an income; the debtor must not refuse the opportunity to obtain income, nor must he conceal any of his income.
  2. It is the debtor's duty to make every effort that can be fairly required of him to fully satisfy the claims of his creditors.
  3. Values obtained by inheritance, gift and from an ineffective legal act, as well as property that the debtor did not list in the property list, even if he had this obligation, to hand over to the insolvency administrator for monetization and to use the proceeds, as well as other extraordinary income, for extraordinary installments beyond the installment calendars. The debtor cannot refuse a gift or inheritance without the consent of the insolvency administrator.
  4. Notify any significant changes without undue delay (contact details, change of job, change of marital status, etc.)
  5. Always submit an overview of your income for the past 6 calendar months by March 15 and September 15 of the calendar year, unless the insolvency court specifies a different submission time in the resolution approving debt relief.
  6. Not to give any special benefits to any of the creditors.
  7. Not to take on new obligations that he would not be able to fulfill at the time of their maturity – i.e. not to create new debts.

How long will I be in insolvency?

Insolvency proceedings will end:

  1. after the expiration of the 60th monthly installments of the calendar (when more than 30% of the unsecured creditors are paid, it is considered that the obligations of using all efforts have not been violated)
  2. as soon as 100% of the unsecured creditors have been paid
  3. after 36 months, if more than 60% of unsecured creditors are repaid, or if entitlement to old-age pension arose before debt relief was approved, or if disability pension of Level II was granted. or III has been granted.

How much will be deducted from my income each month?

You can easily find this out after entering the necessary data into the insolvency calculator, which you can find at this link: https://insolvence.justice.cz/…tor-splatek/

How is insolvency more advantageous than execution?


  • You will be relieved from high debts that you would otherwise not be able to repay.
  • Your interest will stop accruing.
  • Creditors who do not apply for insolvency proceedings will not be satisfied.
  • You or the insolvency administrator can deny some claims and, as a result, reduce the total amount of the debt.


  • Priority deductions will be made, so you will likely be left with less money than in the case of execution.
  • The progress of debt relief is publicly available in the insolvency register, even 5 years after the end.

What assets cannot the insolvency administrator sell to me?

  • Personal items and usual household equipment
  • An apartment or a house, if it meets the conditions of a so-called protected dwelling, and if it is not secured by a lien.
  • That which is of low value, that the money collected would not even pay the costs of the sale and the legal remuneration of the insolvency administrator.

Can I open a new bank account?

  • Yes you can.
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