C:\Users\Administrator\Desktop\Pushpin Dev\Assets\pushpinLeft.png
C:\Users\Administrator\Desktop\Pushpin Dev\Assets\pushpinLeft.png
The Czech
Insolvency Act
and insolvency procedure
From 2006

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C:\Users\Administrator\Desktop\Pushpin Dev\Assets\pushpinLeft.png
Czech Insolvency Act
ODefinition exists (unlike in USA)
OInsolvency petition
OSchedules of the debtors assets and liabilities (problematic to verificate)
OMoratorium
OPrevents creditors from proceeding against the company
OAllowing directors to remain in control

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C:\Users\Administrator\Desktop\Pushpin Dev\Assets\pushpinLeft.png
Dealing in Court
OCreditors submit claims to the Court
O--> Court issues a rulling on insolvency
OCourt
OEstablishes insolvency
OAppoints trustee
OCreditors
OSubmit their claims
ODebtor
OSubmit a list to the trustee

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C:\Users\Administrator\Desktop\Pushpin Dev\Assets\pushpinLeft.png
Methods of insolvency resolution
OThe Court has 3 options:
O1) Bankcruptcy
O2) Reoganization
O3) Discharge from debts

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C:\Users\Administrator\Desktop\Pushpin Dev\Assets\pushpinLeft.png
Thank you for attention
OVít Baťa
OMarek Bezděk
OJakub Kučera
ONikol Marečková