Insolvency of individuals: An analysis of the proces of personal bankruptcy in the Czech Republic and current trends in practice and legislation

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F70883521%3A28120%2F14%3A43871854" target="_blank" >RIV/70883521:28120/14:43871854 - isvavai.cz</a>
Result on the web
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DOI - Digital Object Identifier
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Result language
angličtina
Original language name
Insolvency of individuals: An analysis of the proces of personal bankruptcy in the Czech Republic and current trends in practice and legislation
Original language description
Personal bankruptcy is the institute of solving the indebtedness of natural persons, and it was implemented by a new Czech bankruptcy law, entitled the Act on Insolvency and Its Resolution, (182/2006 Coll., the Insolvency Act). The growing number of personal bankruptcies is directly related to the worsening economic situation. Therefore, the institute of personal bankruptcy has become a welcomed and very attractive tool for resolving over-indebtedness. This article focuses on an analysis of a sample ofcompleted personal bankruptcies from the Insolvency Register and it will also address new trends in the implementation of this institute in the future. According to the Explanatory Memorandum to the Insolvency Act, the institute of discharge from debts should prevent debtors from moving in the area of shadow economy and motivate them to seek the highest possible degree of satisfaction of creditors. The analysis confirms the fact that satisfaction of creditors falls with the amount of tot
Czech name
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Czech description
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Publication year
2014
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
Insolvency 2014: Current Problems and Experiences
ISBN
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ISSN
2055-7175
e-ISSN
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Number of pages
8
Pages from-to
39-46
Publisher name
London School of Economics and Political Science
Place of publication
London
Event location
London
Event date
Mar 27, 2014
Type of event by nationality
EUR - Evropská akce
UT code for WoS article
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