Debt relief of natural persons and the rate of satisfaction of their creditors in the Czech Republic

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F70883521%3A28120%2F15%3A43873993" target="_blank" >RIV/70883521:28120/15:43873993 - isvavai.cz</a>

Result on the web

<a href="http://dx.doi.org/10.3846/btp.2015.484" target="_blank" >http://dx.doi.org/10.3846/btp.2015.484</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.3846/btp.2015.484" target="_blank" >10.3846/btp.2015.484</a>

Result language

angličtina

Original language name

Debt relief of natural persons and the rate of satisfaction of their creditors in the Czech Republic

Original language description

According to statistics, the indebtedness of Czech households has been on the rise since 2000, while a broadening supply from the financial sector, the growing standard of living (which is connected with debt financing of housing) and the tendency to favour a consumer lifestyle have contributed to the growing volume of credits. The aim of our survey is to ascertain the extent to which creditors of debtors in debt relief are satisfied. A sample of insolvency proceedings permitted in 2008 was surveyed. Ofthese insolvency proceedings, we selected personal bankruptcies which underwent the five-year repayment period required by the insolvency act. A situation emerges in which we can for the first time evaluate the success of creditors satisfaction on the basis of concrete data which we gained from the insolvency register. On the basis of a survey, it was found that individual creditors are satisfied to 50 % of their ascertained receivables. The given initial finding is interesting especial

Czech name

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Czech description

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Type

J_x - Unclassified - Peer-reviewed scientific article (Jimp, Jsc and Jost)

CEP classification

AE - Management, administration and clerical work

OECD FORD branch

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Project

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Continuities

S - Specificky vyzkum na vysokych skolach

Publication year

2015

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Name of the periodical

Business: Theory and Practice

ISSN

1822-4202

e-ISSN

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Volume of the periodical

16

Issue of the periodical within the volume

2

Country of publishing house

LT - LITHUANIA

Number of pages

10

Pages from-to

185-194

UT code for WoS article

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EID of the result in the Scopus database

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