The so-called behavior behavior phase is a term from the area of bankruptcy. The phase of good behavior follows the simplified insolvency procedure. The behavioral phase can only be opened if attachable assets or income are in the hands of the insolvent. The phase of good behavior lasts a whole 6 years, during which time the insolvent must express his “good behavior” to his creditors. In the behavioral phase, for example, a profession must be practiced or every available job must be accepted.
During the behavioral phase, 10% of the attachable income is promised in the fifth year and 15% in the sixth year. A credit during the behavioral phase can only be drawn on if the insolvency administrator approves the loan. Even if the insolvency court or the insolvency administrator approves the loan, it is generally possible to take out a loan, but a negative private credit checker entry is noted during an ongoing insolvency procedure, so that a loan is only granted by a few or no bank during the conduct of conduct.
However, a person in personal bankruptcy also has the option of making a positive loan decision. The ability to pay can be expressed through other means of securing credit, such as a guarantee.
A surety loan and a personal loan from a private lender are the only two ways to borrow during the good behavior phase.
Borrowers who want to take out a loan during the behavioral phase should have a guarantor who guarantees / guarantees the repayment of the loan. Since the guarantor is fully liable for the repayment of the loan, borrowers can also access a loan during the bankruptcy or behavioral phase.
If possible, the insolvent borrower should have the highest possible income and should also structure the loan or term and loan amount in such a way that repayment appears realistic. Since the risk of a small loan with a short term is significantly lower and the amount of capital tied up is shorter, the banks are more willing to offer a loan with low interest rates.
If you cannot or do not want to draw on a loan from a bank, you should focus on a personal loan from a private individual. Personal loans are now mostly offered over the Internet with the help of a private credit broker. In order for a loan to be granted during the behavior phase, a guarantor should also be available here.
To be able to benefit permanently from the best possible conditions, the loan comparison with a loan calculator should not be avoided. Numerous finance portals now provide loan calculators for individual comparison.