Insolvency & Bankruptcy

A practical guide for creditors: when to apply to open a liquidation procedure and on what conditions, how to file a claim within 90 days and what gets it accepted first time, the voting majorities on a proposal, the ranking of debts in distribution, and the routes of objection. ... Read more

Three routes are all called "liquidation" and differ fundamentally: company liquidation by partners' resolution, the court-ordered liquidation procedure, and administrative liquidation run by the Bankruptcy Commission. When each applies, the partners' liability for dissolving an insolvent company, and what the liquidator and officeholder do. ... Read more

Who counts as a small debtor, how a small debtors’ protective settlement is opened by the debtor’s own decision without the court, and why simplified financial restructuring requires a licensed officeholder first. ... Read more

Who can file, why the stay of claims is automatic, when the court ratifies over a dissenting class, and which acts need the officeholder’s written approval. ... Read more