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

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

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

Popis výsledku v původním jazyce

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

Název v anglickém jazyce

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

Popis výsledku anglicky

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

Druh

D - Stať ve sborníku

CEP obor

AE - Řízení, správa a administrativa

OECD FORD obor

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Projekt

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Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2014

Kód důvěrnosti údajů

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

Název statě ve sborníku

Insolvency 2014: Current Problems and Experiences

ISBN

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ISSN

2055-7175

e-ISSN

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Počet stran výsledku

8

Strana od-do

39-46

Název nakladatele

London School of Economics and Political Science

Místo vydání

London

Místo konání akce

London

Datum konání akce

27. 3. 2014

Typ akce podle státní příslušnosti

EUR - Evropská akce

Kód UT WoS článku

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