Procedure and Practice of Bankruptcy Restructuring in the Republic of Croatia
Bankruptcy restructuring (or “insolvency plan”, as stipulated in Croatian Bankruptcy law) is a type of insolvency procedure which does not result in the death of the legal person, but in the survival and continuance of the debtor’s business. As such, this kind of procedure has certain economical pri...
| Main Author: | |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Pravni fakultet Sveučilišta u Splitu
2010-01-01
|
| Series: | Zbornik Radova Pravnog Fakulteta u Splitu |
| Subjects: | |
| Online Access: | http://hrcak.srce.hr/file/90056 |
| Summary: | Bankruptcy restructuring (or “insolvency plan”, as stipulated in Croatian Bankruptcy law) is a type of insolvency procedure which does not result in the death of the legal person, but in the survival and continuance of the debtor’s business. As such, this kind of procedure has certain economical priority over bankruptcy liquidation. Yet, in Croatia this procedure is conducted rarely, and complicated system of voting and accepting an “insolvency plan” is mostly responsible for this.
This paper presents analyzes the procedure of bankruptcy restructuring in the Republic of Croatia, frequency of this procedure in practice, and arguments against usage of the term “insolvency plan”. |
|---|---|
| ISSN: | 0584-9063 1847-0459 |