Impact of allowed debt relief of individuals in 2009-2014 on final satisfaction of creditors

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F61989100%3A27510%2F15%3A86093532" target="_blank" >RIV/61989100:27510/15:86093532 - isvavai.cz</a>
Result on the web
<a href="http://ufu.utb.cz/konference/sbornik2015.pdf" target="_blank" >http://ufu.utb.cz/konference/sbornik2015.pdf</a>
DOI - Digital Object Identifier
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Result language
angličtina
Original language name
Impact of allowed debt relief of individuals in 2009-2014 on final satisfaction of creditors
Original language description
The article deals with personal bankruptcy and with impact of debt relief in the form of rescheduling the creditors. As part of the research the statistical sample of 366 borrowers in debt relief with the repayment schedule since 2009 was studied. Evaluation covered the whole process of debt relief within 5 years until the end of paying the rescheduling. Effect on debtors, creditors and also on future development in debt relief in the Czech Republic was evaluated. The research compared the total amount of debts due to borrowers, their final amount paid as well as level of satisfaction of creditors, further the number of months needed to repay the debt and also monthly installments for creditors. In the researched there was examined the composition of claims filed and the representation of individual creditors in personal bankruptcy. In view of divide the individual creditors according to sectors the most dominate was banking sector which formed most of the identified claims. Furthermore, it was found that most borrowers repay more than half of their obligations and in addition they try to pay the statutory minimum off as quickly as possible.
Czech name
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Czech description
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Publication year
2015
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
Finance and Performance of Firms in Science, Education and Practice : proceedings of the 7th International Scientific Conference : April 23-24, 2015, Zlín, Czech Republic
ISBN
978-80-7454-482-8
ISSN
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e-ISSN
neuvedeno
Number of pages
8
Pages from-to
60-67
Publisher name
Tomas Bata University in Zlín
Place of publication
Zlín
Event location
Zlín
Event date
Apr 23, 2015
Type of event by nationality
EUR - Evropská akce
UT code for WoS article
000374107300004

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