Personal Bankruptcy in the Capital City Region and South Bohemian Region in the Czech Republic

Personal bankruptcy, as a process of debt relief, is very popular among those who want to solve their complicated financial situation nowadays. It is also one of the ways how insolvency can be declared in the Czech Republic. There are two ways of processing personal bankruptcy: firstly debts of an individual can be repaid (partial or whole) by selling some of the debtor's assets. Secondly, depending on the debtor's income, part of the debt can be repaid through repayment plan. In this research it is not defined by which of these two ways is personal bankruptcy handled, but it concentrates on structure of debtors in particular regions of the Czech Republic such as gender, age, education and income. This paper is also focused on comparison of above mentioned characteristics between regions.