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34 results found in Business guide > Information and instructions for the use of public administration services, filtered by: SDG category (Termination of business)
21. 12. 2020

Obligations of a liquidator

A liquidator performs numerous duties to achieve the purpose of liquidation (the realisation of assets, the satisfaction of creditors, etc.).

21. 12. 2020

Voidness, unenforceability and voidability of legal acts detrimental to creditors

Any favouritism or detrimental acts by the debtor may be penalised in insolvency proceedings.

21. 12. 2020

Authorisation and approval of debt relief

Debt relief may be requested by an ‘honest’ debtor who is able to make a minimum repayment or has realisable assets. The creditors decide on the form ...

21. 12. 2020

End of liquidation

End of liquidation.

21. 12. 2020

Reasons for initiating liquidation

Liquidation begins at the end of a certain period, once the purpose behind the formation of the legal entity has been achieved, further to a decision ...

21. 12. 2020

Completion of debt relief

Deb relief ends with a court resolution acknowledging the full implementation of debt relief.

21. 12. 2020

Costs of insolvency proceedings

The costs of insolvency proceedings are covered by the estate. They are covered primarily by the debtor and secondarily by either the petitioner’s dep...

21. 12. 2020

Registration of creditors’ claims

Creditors register their claims with the insolvency court using a prescribed form, and may do so from the opening of insolvency proceedings until the ...

21. 12. 2020

Obligations of an insolvency practitioner

The obligations of an insolvency administrator depend on how the insolvency is to be handled.

21. 12. 2020

Qualifications required to be an insolvency practitioner

Only a professionally competent person who has the required experience and equipment and holds the relevant licence may be an insolvency practitioner.

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