Discharge as one of debt-eliminating modes of solving bankruptcy Abstract The aim of this thesis is to define the new law institute as regards insolvency law that is defined in the Act No. 182/2006 Coll., on Bankruptcy and its solution (Insolvency Law). The act came into force on 1.st January 2008. The purpose of this thesis is also to describe the practice of courts when applying afore mentioned law and specify some difficulties concerning new legislation. Discharge from debts is one of the remediation methods to resolve the debtor's bankruptcy. The idea is to allow the debtors to exempt from the payment of their debts and start new life free of debt. Discharge from debts is a tool for solving the so-called consumer bankruptcy people who are not entrepreneurs. The part of the thesis deals with the personal scope of discharge. Furthermore, it is up to the court to decide whether it discharges debtors from their debts. The basic premise is the honest intention of the debtor. Another assumption is the fact that the debtor will satisfy at least 30 percent of the claims of unsecured creditors. Discharge from the debts can be secured in two ways. The first way is to liquidate the debtor's estate and the second, is to fulfill monthly payments in five years, the second solution is often preferred by the unsecured...

This dissertation deals with the matter of legal and accouting aspects of insolvency proceedings in the Czech Republic. The first chapter describes the historic development of bankruptcy legislation. The second chapter deals withs matter of bankruptcy as one of the forms of crises solution. It defines the basic conditions for a bankruptcy, analyses individual procedural stages of bankruptcy proceedings because of prevailing solution of bankruptcies in this way. The third chapter analyses the present legislation in compliance with teh bankruptcy law and methods for its solution, Act No 182/2006 Coll The core of this chapter includes the basic pricniples and fundamentals of the new bankruptcy legislation in this country. Special attention is paid to the sanitation method for a crisis solutin in the form of reorganizing within a reorganizing plan approved by insolvency creditors. The fourth chapter is focused on the role of accounting ind the conditions of insolvency proceedings, this depending on the method for solution of the bankruptcy. The fifth chapter includes continuation of the analysis of information problem which will have to be trated within the insolvency proceedings under way. The sixth chapter offers the tools and mechnisms which can be used within the available information accouting basis for ordinary management economic and control activities in overcoming a crisis situation. The last chapter presents statistical data for randomly celected companies in bankruptcy at the time of this dissertation completion.

Substantive rules in the Insolvency Act Abstract The fundamental aim of the thesis is to find and analyze substantive rules contained in the Act No. 182/2006 Coll. Insolvency Act. The thesis analyzes their meaning and purpose, mentioning relevant judicial decisions and their historical context. Also foreign literature and expert monographs dedicated to insolvency law are mentioned. Questions of proposed amendments to the Insolvency Act related to the theme of the thesis are discussed, and personal opinions of the author on selected insolvency issues are included. The thesis is divided into 5 chapters, which analyze substantive norms of the Insolvency Act. Chapters Two, Three and Four form the core of the thesis. The first chapter defines procedural law and substantive law, relations between the Insolvency Act and other legal regulations, and its position in the system of law. The second chapter deals with different stages of insolvency proceedings, especially with the legal effects of the commencement of insolvency, bankruptcy but also with remedial ways of solving bankruptcy - reorganisation and debt relief. All the above mentioned is dealt with taking into account substantive rules of the Insolvency Act. The third chapter is dedicated to questions of liability of parties to insolvency proceedings, to the...

Este estudo destina-se a consecução de um trabalho comparativo entre a nova Lei de Recuperação de Empresas e a antiga Lei de Falência e Concordata. Busca uma abordagem multidisciplinar que aponte os aspecto positivos e negativos na implantação da nova ordem jurídica, bem como, alguns efeitos econômicos resultantes. Desta forma obteremos uma melhor compreensão das mudanças ocorridas no novo ordenamento, destinado a sociedade brasileiro como um todo. O resultado deste trabalho de pesquisa, vai alem de meras verificações quantitativa do sistema busca um caminha na construção de uma ordem jurídica capaz de atender as necessidades das empresas, sem esquecer os objetivos da sociedade civil. / This study it is destined achievement of a comparative work enters the new Law of Recovery of Companies and the old Law of Bankruptcy and Forced agreement. It searchs a boarding to multidiscipline that it points the aspect positive and negative in the implantation of the new jurisprudence, as well as, some resultant economic effect. In such a way we will get one better understanding of the occured changes in the new order, destined the Brazilian society as a whole. The result of this work of research, goes beyond mere verifications quantitative of the system searchs one walks in the construction of a jurisprudence capable to take care of the necessities of the companies, without forgetting the objectives the civil society.

Este estudo destina-se a consecução de um trabalho comparativo entre a nova Lei de Recuperação de Empresas e a antiga Lei de Falência e Concordata. Busca uma abordagem multidisciplinar que aponte os aspecto positivos e negativos na implantação da nova ordem jurídica, bem como, alguns efeitos econômicos resultantes. Desta forma obteremos uma melhor compreensão das mudanças ocorridas no novo ordenamento, destinado a sociedade brasileiro como um todo. O resultado deste trabalho de pesquisa, vai alem de meras verificações quantitativa do sistema busca um caminha na construção de uma ordem jurídica capaz de atender as necessidades das empresas, sem esquecer os objetivos da sociedade civil. / This study it is destined achievement of a comparative work enters the new Law of Recovery of Companies and the old Law of Bankruptcy and Forced agreement. It searchs a boarding to multidiscipline that it points the aspect positive and negative in the implantation of the new jurisprudence, as well as, some resultant economic effect. In such a way we will get one better understanding of the occured changes in the new order, destined the Brazilian society as a whole. The result of this work of research, goes beyond mere verifications quantitative of the system searchs one walks in the construction of a jurisprudence capable to take care of the necessities of the companies, without forgetting the objectives the civil society.

Este estudo destina-se a consecução de um trabalho comparativo entre a nova Lei de Recuperação de Empresas e a antiga Lei de Falência e Concordata. Busca uma abordagem multidisciplinar que aponte os aspecto positivos e negativos na implantação da nova ordem jurídica, bem como, alguns efeitos econômicos resultantes. Desta forma obteremos uma melhor compreensão das mudanças ocorridas no novo ordenamento, destinado a sociedade brasileiro como um todo. O resultado deste trabalho de pesquisa, vai alem de meras verificações quantitativa do sistema busca um caminha na construção de uma ordem jurídica capaz de atender as necessidades das empresas, sem esquecer os objetivos da sociedade civil. / This study it is destined achievement of a comparative work enters the new Law of Recovery of Companies and the old Law of Bankruptcy and Forced agreement. It searchs a boarding to multidiscipline that it points the aspect positive and negative in the implantation of the new jurisprudence, as well as, some resultant economic effect. In such a way we will get one better understanding of the occured changes in the new order, destined the Brazilian society as a whole. The result of this work of research, goes beyond mere verifications quantitative of the system searchs one walks in the construction of a jurisprudence capable to take care of the necessities of the companies, without forgetting the objectives the civil society.

The topic of this thesis is bankruptcy as a form of insolvency solution with a practical example of company Z plus M TRADING Ltd. The goal of the thesis is to describe the gist of bankruptcy proceedings and describe the changes in Czech insolvency law that took place with the introduction of the new Civil Code effective from 1 January 2014. The thesis is divided into six chapters. It provides information on history of insolvency, bankruptcy proceedings or provides statistics on insolvency proceedings. The gathered information is then applied to a specific example of a company in bankruptcy.

Restructuring as one of the ways of solving insolvency is a method, that is supposed to allow preservation of the operation of the debtor`s company. Part of the restructurings however later converts into bankruptcy orders. The objective of this thesis is an identification of the key factors that lead to a successful fulfilment of the restructuring plan and also factors that might lead to their conversion into bankruptcy orders. The first part of this thesis is dedicated to insolvency and methods of its resolution among others according to the act no. 182/2006 Coll. on Insolvency and Methods of its resolution (Insolvency Act). The second part is dedicated to the selected factors and their possible influence on successful or unsuccessful completion of the restructuring. The conclusion includes a summary of important findings concerning whether and if so, what kind of connection is there between the selected factors and their influence on the successful completion of restructurings.

Submitted by BRUNO YOHAN SOUZA GOMES (brunoyohan@sartoriadvogados.com.br) on 2017-06-29T19:39:54Z No. of bitstreams: 1 Versão Final.pdf: 1505280 bytes, checksum: cb4a98f66a5f5f190334e535abf7cd56 (MD5) / Approved for entry into archive by Joana Martorini (joana.martorini@fgv.br) on 2017-06-30T13:45:07Z (GMT) No. of bitstreams: 1 Versão Final.pdf: 1505280 bytes, checksum: cb4a98f66a5f5f190334e535abf7cd56 (MD5) / Made available in DSpace on 2017-06-30T14:46:24Z (GMT). No. of bitstreams: 1 Versão Final.pdf: 1505280 bytes, checksum: cb4a98f66a5f5f190334e535abf7cd56 (MD5) Previous issue date: 2017-06-09 / With the advent of Law No. 11.101/2005, the institute of judicial recovery of companies was created, replacing the institute in force until then, the law of bankruptcy. Important differences mark the institutes, the most relevant is the power of creditors to decide about the major issues of the company in recovery, among which, the own company recovery. Clearly the decision power migrated from Judiciary (law of bankruptcy) to creditors (judicial recovery), being allowed to the first to intervene only in the specific situation of the cram down. However, in practice many judges have intervened in the judicial recovery process, with support in different arguments, which has affected the essence of recovery institute that is exactly the power of creditors in the company in crisis. This is the main point that will be discussed in the course of this work. / Com o advento da Lei nº 11.101/2005, criou-se o instituto da recuperação judicial das empresas, substituindo assim o instituto que até então vigorava, a concordata. Diferenças importantes marcam os institutos, sendo a mais relevante delas o poder dos credores de decidir as principais questões relacionadas à empresa em recuperação, dentre as quais, a própria recuperação da empresa. Claramente o eixo decisório migrou do Poder Judiciário (concordata) para os credores (recuperação judicial), restando ao primeiro a permissão legal para intervir no processo apenas na situação especifica do cram down. No entanto, a prática mostra que muitos juízes têm intervindo nos processos de recuperação judicial, com amparo nos mais diversos argumentos, o que tem afetado a essência do instituto da recuperação, que está, fundamentalmente, no poder dos credores na recuperação da empresa em crise. É exatamente este o ponto que será analisado no decorrer do presente trabalho.

In economic and legal practice situations often occur when infringement of rights or neglect of duty can{\crq}t be sanctioned by common means of procedural law. The most typical example of this is when the debtor has liabilities towards a number of creditors and it isn{\crq}t within his power to fulfill them all. Such a situation is usually described as bankruptcy and it is solved in accordance with the Bankruptcy Act. Bankruptcy is considered to be the last resort of settlement of unfavourable financial and economic relations between the creditor and the debtor and it leads to the settlement of their property relations. The purpose and the aim of this procedure is to settle the liabilities towards the aggrieved parties, so that all creditors of one debtor which is in bankruptcy get as equal and just satisfaction as possible. Liquidation or reorganization of multinational companies which are in bankruptcy causes a whole range of legal complications. The expansion of multinational companies and also the considerable number of great bankruptcies with international effects has triggered a debate about the need of creating a system which would involve solving such situations in transnational context.