#8250;

The preservation of bankrupt businesses; experiences from the Czech Republic

This work analyses the development of insolvency law in the Czech Republic since 2008, when the Insolvency Act came into effect. On the basis of statistic data on insolvency proceedings, it finds that at least one goal towards which the legislation was aimed has not been achieved – the support of financial rehabilitation procedures when settling the bankruptcy of a debtor. As regards such criteria as average duration of insolvency proceedings or yield for creditors, the situation has substantially improved, but remains worse than what is average in OECD countries. Based on analyses of the course of insolvency proceedings the author deduces future potential and suggests certain procedures which could be used to achieve substantially more interesting results from debtor bankruptcies for both secured and non-secured creditors.

Famalicao 2012 Fullpaper
[-- 5_famalicao-2012.pdf --]
Famalicao 2012 Slides
[-- 5_famalicao-2013.pdf --]
#8250;
Latest publication
#8250; See more ...
#8250;
#8250;
Copyright © 2017 Luboš Smrčka – all right reserved | Accessibility Statement | Terms of Use | Site map
Created and designed by Pixel Design | CMS Pixel Admin | SEO and marketing
#8250;