PREVENTIVE RESTRUCTURING PROCEEDINGS OF A MERCHANT

Meriyam Sapundzhieva ()
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Meriyam Sapundzhieva: Sofia University "St. Kliment Ohridski"

THE LAW AND THE BUSINESS IN THE CONTEMPORARY SOCIETY, 2021, issue 1, 163-172

Abstract: The present scientific research is dedicated to the analysis of the legal regulations of a relatively new legal institute in Bulgarian legislation - the preventive restructuring proceeding of a merchant, introduced with the amendments to the Commercial act, in force since 01.07.2017. The aim is to emphasize the role of this new framework as a procedure that could potentially limit the negative trends of an increasing number of insolvent merchants and as a legal institute that is accessible and in view of the achieved results is preferred by viable enterprises facing temporary financial difficulties, providing a possibility of a second chance for honest entrepreneurs.

Keywords: civil procedure; preventive restructuring proceedings of a merchant; legal consequences (search for similar items in EconPapers)
JEL-codes: K00 (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:vra:lbcs20:y:2021:i:1:p:163-172

DOI: 10.36997/LBCS2021.163

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