Insolvency in times of emergency – you may want to opt for bankruptcy instead
The first stage of bankruptcy proceedings begins with the filing of a bankruptcy petition: the debtor is entitled to an immediate temporary moratorium on creditors ’claims. Legal representation on the part of the debtor is mandatory. If the application is not rejected by the court, the second stage of the bankruptcy proceedings opens and the court appoints a trustee ex officio who monitors the debtor’s economic activity in order to prepare a settlement with the creditors in order to protect the creditors’ interests.
Related news
AI, unfair trade practices, public signals and HR cartels in the focus of competition authorities
🎧 Hallgasd a cikket: Lejátszás Szünet Folytatás Leállítás Nyelv: Auto…
Read more >Baker McKenzie’s Budapest team is strengthened with a new partner
🎧 Hallgasd a cikket: Lejátszás Szünet Folytatás Leállítás Nyelv: Auto…
Read more >New international partner at Baker McKenzie
🎧 Hallgasd a cikket: Lejátszás Szünet Folytatás Leállítás Nyelv: Auto…
Read more >Related news
The 2025 Sustainable Future Awards were presented: the most outstanding sustainable companies and leaders of the year were recognized
🎧 Hallgasd a cikket: Lejátszás Szünet Folytatás Leállítás Nyelv: Auto…
Read more >Visa launches new program to support the digitalization of Hungarian businesses
🎧 Hallgasd a cikket: Lejátszás Szünet Folytatás Leállítás Nyelv: Auto…
Read more >The 2025 Sustainable Future Awards have been presented
🎧 Hallgasd a cikket: Lejátszás Szünet Folytatás Leállítás Nyelv: Auto…
Read more >
