Latest updates

Overview (September 2001)
  • Bulgaria
  • 28 September 2001

Including: Legislative Framework; Commencement of Proceedings; Presentation of Creditor Claims; Restructuring Plan; Declaration of Bankruptcy

Termination of Business Activities During Insolvency Proceedings
  • Bulgaria
  • 15 June 2001

In certain circumstances the courts will order the termination of business activities performed by an insolvent merchant upon the institution of bankruptcy proceedings. This update identifies these cases, and examines whether creditors or major shareholders can halt the commercial activities of an insolvent company.

Schoenherr
Schoenherr