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Reorganization as a restoring form of insolvency
Hodačová, Helena ; Pohl, Tomáš (advisor) ; Macková, Alena (referee)
IN ENGLISH: Reorganisation as a non-liquidation solution of bankruptcy: The main purpose of my final thesis is to analyse a non-liquidation solution of bankruptcy of a debtor under the Czech act No. 184/2006 Sb. (Coll.) hereinafter called as Insolvency Act, with all respect to the actual judicial decisions, legal opinion of the professional public and economic aspects as well. Some issues under Czech law are given in comparison with the Slovenian act No. 7/2005 Zz. (Coll). The main reason for my research is the increasing importance of insolvency law after the economic crise in 2007 to 2009. Since many companies are still to be winded-up, although, it is not the most effective form of figuring out their decline in light of all-society economic stand-point. The thesis is divided into 17 chapters. Each chapter is composed of several main points. The first part subsumes ten chapters, which describes basic elements of incolvency proceedings that are very important for the overview comprehension of the reorganization. The aforementioned part of my thesis covers the description of the historical development and basic elements of incolvency proceedings, explenation of bankruptcy, decision of bankruptcy, petition for bankruptcy order, parties to incolvency proceedings, automatic stay, bankrupt's estate....
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Secured Claims in Czech Insolvency Proceedings
Schwarz, Jaroslav ; Sedláček, Miroslav (referee)
102 Abstract: Secured Claims in Czech Insolvency Proceedings The topic of this thesis are the secured claims in the Czech insolvency proceedings. This topic has been chosen by the author primarily with regard to the importance of the secured, often institutional, creditor for the insolvency proceedings and, therefore, for the market of financing of the business units and for the economy as whole. The aim of this thesis is not a description of the security interests but analysis of chosen practical issues which are often spotted by creditors within the Czech insolvency proceedings. Where appropriate, the author drew his attention primarily to the going concern solution of the corporate debtor's insolvency. In the thesis the author repeatedly comes to an end that mainly in reorganization it is important for the creditors to actively protect their rights and think about potential proceedings strategy. The reason is that the reorganization offers wide possibilities to exercise totally different interests by the creditors. In the thesis the author demonstrates that in spite of many novelizations the insolvency law in many areas does not correspond to the general legal regulation of the security interest and suggests that this discrepancy is being dismissed as soon as possible. The author is convinced that with...
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The role of different subjects in reorganisation of the debtor's enterprise (comparative study)
Vodičková, Tereza ; Macková, Alena (advisor) ; Smolík, Petr (referee) ; Winterová, Alena (referee)
The role of different subjects in reorganisation of the debtor's enterprise (comparative study) Abstract This thesis is an analyse of the role of different subjekts involved in reorganization. This thesis is composed of four chapters each of them dealing with one of the key subjects. Different legal systems were compared for this purpose. On one hand reorganisationis a sort of civil procedure, on theother hand it is a sort of contract. This thesis tries to describe this ambiguity in emphasising its contractual basis and judicial framework. Chapter One analyses how the insolvency modifies the position of the management, management is no more completely autonome in its action. In some cases there placement of the management is necessary, especially when the wrongful trading is proven. In most of cases the debt or files for insolvency, prepares a plan of reorganization and becomes a "Debtor in possetion". Different stades of reorganisation in respect with the position of the debtor are examined which shows that the reorganization is a way for thea management how to regain the right to act on behalf of the company. The role of shareholders symbolises the changes inside of the insolvent company- onone hand they represent as a shareholders'meeting an organ of the company and the other hand they are also...
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Chosen juridical aspects of position debtor in insolvency proceedings
RUDOLFOVÁ, Vladimíra
The thesis consists of a brief introduction to this topic and of a theoretical and practical part. The theoretical part discusses general terms (part 2), i.e. subject-matter, failure, subject-matter and territorial jurisdiction, procedural entities, failure hearing and ruling, a debtor's insolvency petition as well as the individual ways of handling a debtor's failure. The part concerning the ways of handling failure through bankruptcy (part 3) discusses the effects of a bankruptcy declaration on in-progress proceedings, the monetarisation of assets, bankruptcy cancelation and the effects of a bankruptcy declaration on the community property of spouses. Part 4 discusses other ways of handling failure, i.e. reorganisation. This part includes court jurisprudence of problematic cases, which concerns the current legal regulations. Part 5 discusses the latest and currently most used way of handling a debtor's failure, i.e. debt relief. The practical part shows a debtor's accounting of a specific accounting case that concerns a debtor's failure through bankruptcy and contains an individual's debt relief petition and a debtor's (business company's) insolvency petition for bankruptcy declaration. The end of the thesis summarises this issue and points out the importance of having basic knowledge of this issue for individuals and legal entities.
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Reorganization as a restoring form of insolvency
Hodačová, Helena ; Pohl, Tomáš (advisor) ; Macková, Alena (referee)
IN ENGLISH: Reorganisation as a non-liquidation solution of bankruptcy: The main purpose of my final thesis is to analyse a non-liquidation solution of bankruptcy of a debtor under the Czech act No. 184/2006 Sb. (Coll.) hereinafter called as Insolvency Act, with all respect to the actual judicial decisions, legal opinion of the professional public and economic aspects as well. Some issues under Czech law are given in comparison with the Slovenian act No. 7/2005 Zz. (Coll). The main reason for my research is the increasing importance of insolvency law after the economic crise in 2007 to 2009. Since many companies are still to be winded-up, although, it is not the most effective form of figuring out their decline in light of all-society economic stand-point. The thesis is divided into 17 chapters. Each chapter is composed of several main points. The first part subsumes ten chapters, which describes basic elements of incolvency proceedings that are very important for the overview comprehension of the reorganization. The aforementioned part of my thesis covers the description of the historical development and basic elements of incolvency proceedings, explenation of bankruptcy, decision of bankruptcy, petition for bankruptcy order, parties to incolvency proceedings, automatic stay, bankrupt's estate....
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Strategic options of distressed companies in the Czech legal environment
Kosovský, Alexander ; Hnilica, Jiří (advisor) ; Krabec, Tomáš (referee)
The thesis provides a detailed overview of crisis resolution options available to distressed companies in the Czech legal environment. The work starts by describing the most common causes of corporate distress in attempt to understand the process of decline and define the key steps to prevent crisis in the early stage. We then proceed to discuss the methods of resolution that can be applied in the early pre-bankruptcy stages of distress, including downsizing and divestitures, out-of-court settlement with creditors, mergers with or acquisition by strategic or financial investors, or voluntary liquidations. Further on, the work provides a comprehensive summary of the Insolvency Act, the Czech legislation governing bankruptcy proceedings, concentrating on the option that could preserve business operations of troubled companies -- reorganisation. In the practical part of the thesis, the author evaluates the reorganisation plan of ČKD Kutná Hora, a.s., focusing on the company-specific issues and assessing the viability of the plan according to a number of success and risk factors, as well as the objectives stipulated by the Insolvency Act.
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Insolvency proceeding in the enterprise Oděvní podnik, a.s.
Levchenko, Natalya ; Schönfeld, Jaroslav (advisor) ; Smrčka, Luboš (referee)
This Bachelor's Thesis deals with insolvency proceeding and it's impact on a particular company -- Oděvní podnik, inc. The methodology part is describing the necessery processes and issues relating to the insolvency proceedings in the enterprise and solution of the bankruptcy. The Thesis contains information about ways of solving bankruptcy cases in the enterprises and cases of their use. The empirical part is focusing on the processes of insolvency proceedings in practice, how they work and how they lead to the objectives of the institute of insolvency law -- the satisfaction of creditors and solving the economic situation in the case of the concrete bankrupting company -- Oděvní podnik, inc.
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Reorganisation as a solution to the bankruptcy of a debtor in the Czech insolvency law
Čmolík, Martin ; Smrčka, Luboš (advisor) ; Schönfeld, Jaroslav (referee)
The main goal of the thesis is to prove on the basis of an analysis and its restrictive conditions that in the core of the bankruptcy proceedings there are roots for mutually advantageous cooperation of certain interest groups, which allow these groups to gain extra utility at the expense of other participants of the proceedings. The other goal of the analysis is to prove, that the process of reorganisation is disadvantageous to the same interest groups and therefore it's in their interest to support the bankruptcy way of solution to the bankruptcy proceedings. At the end of the thesis author also introduces measures designed to lower the interest of the interest groups to the unwanted cooperation.
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Solving and methods of debtor’s failure
Bezuchová, Alena ; Randáková, Monika (advisor)
The Bachelor thesis is divided to two main chapters. The emphasis in the first chapter is placed on particular parts of insolvency law. The second chapter deals with concrete manners of solving debtor's failure from the accounting and law view. This part of the thesis is subdivided to three other parts (concretely reorganisation, bankruptcy and discharge of debts). Partial examples are added in this thesis.
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