Several Conclusions from Research of Insolvency Cases in the Czech Republic

Luboš Smrčka and Jaroslav Schönfeld

Central European Business Review, 2014, vol. 2014, issue 1, 13-19

Abstract: The survey of real outcomes of insolvency proceedings in the Czech Republic analysed by this study took place during 2012 and 2013. This is the first survey that enables (on the basis of a statistically declarative sample) the ascertainment of certain crucial data as to the actual outcome of insolvency proceedings in the Czech Republic, i.e. especially as to the yields which creditors obtain. The study analysis outcomes drawn from two waves of statistical research, compare these two waves together and place the results gained into an international context. In addition, the study also brings forward basic information on the structure of the insolvency act in the Czech Republic and possible changes in legislation that would create a more congenial environment for creditors.

Keywords: Insolvency; bankruptcy; yield for creditors; insolvency law; insolvency proceedings (search for similar items in EconPapers)
JEL-codes: G30 G33 K29 (search for similar items in EconPapers)
Date: 2014
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DOI: 10.18267/j.cebr.70

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