engleski

PRE-BANKRUPTCY SETTLEMENT IN CROATIA

Pre-bankruptcy settlement has lately become one of the solutions for enterprises who can’t pay out their debt. However many small business owners still refuses to initiate pre-bankruptcy settlement although they are obliged to that. Noncompliance with an obligation to initiate the proceedings exposes a debtor to misdemeanor fines. Those who can but who are not obliged to initiate procedure are enterprises that have no employees and those whose assets are low or with low value. Enterprises refuse to initiate procedure because of insecurity, where they cannot be sure about an amount of debt. After adoption of decision for opening of the procedure creditors are called to name their claims towards debtor. Those claims can be much higher than the debtor had reported (interests, penalties, foreclosure etc.)

Pre-bankruptcy settlement ; creditors ; debtor ; Croatia.

nije evidentirano