Bankruptcy of Individuals in the Czech Republic

Kód výsledku v IS VaVaI

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Výsledek na webu

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DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

Bankruptcy of Individuals in the Czech Republic

Popis výsledku v původním jazyce

Personal bankruptcy ? debt relief is a legal process, thanks to which especially individuals are being given the opportunity to resolve their complicated financial situation. These individuals have debts toward multiple creditors are not able to repay all of it. The legal process in the Czech Republic enables to solve the insolvency of an individual via declaration of the personal bankruptcy. Essential conditions to be able to declare personal bankruptcy are to have more than one creditor and to be ableto repay at least 30% of the debt, meaning 30% of the overall amount of debts toward signed creditors. In case the personal bankruptcy is resolved through a repayment plan, the maximum amount of instalments is 60. In the time period of 60 months at mostlives the debtor on the level of the living wage in the Czech Republic. The amount of income that exceeds this living wage is used to repay the debts.

Název v anglickém jazyce

Bankruptcy of Individuals in the Czech Republic

Popis výsledku anglicky

Personal bankruptcy ? debt relief is a legal process, thanks to which especially individuals are being given the opportunity to resolve their complicated financial situation. These individuals have debts toward multiple creditors are not able to repay all of it. The legal process in the Czech Republic enables to solve the insolvency of an individual via declaration of the personal bankruptcy. Essential conditions to be able to declare personal bankruptcy are to have more than one creditor and to be ableto repay at least 30% of the debt, meaning 30% of the overall amount of debts toward signed creditors. In case the personal bankruptcy is resolved through a repayment plan, the maximum amount of instalments is 60. In the time period of 60 months at mostlives the debtor on the level of the living wage in the Czech Republic. The amount of income that exceeds this living wage is used to repay the debts.

Druh

D - Stať ve sborníku

CEP obor

AH - Ekonomie

OECD FORD obor

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Projekt

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Návaznosti

N - Vyzkumna aktivita podporovana z neverejnych zdroju

Rok uplatnění

2015

Kód důvěrnosti údajů

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

Název statě ve sborníku

Proceedings ICABR 2015

ISBN

978-80-7509-379-0

ISSN

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e-ISSN

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Počet stran výsledku

10

Strana od-do

460-469

Název nakladatele

Mendel University, Brno

Místo vydání

Czech Republic

Místo konání akce

Spain

Datum konání akce

1. 1. 2015

Typ akce podle státní příslušnosti

WRD - Celosvětová akce

Kód UT WoS článku

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