News 2 - The Committee on Economic Policy recommends that the Parliament adopts as a Basis the Bill on Amendments to the Law "On Restoration of Debtor Solvency or Declaration of Bankruptcy" (re Management of Bankrupt Enterprise) - Verkhovna Rada of Ukraine

The Committee on Economic Policy recommends that the Parliament adopts as a Basis the Bill on Amendments to the Law "On Restoration of Debtor Solvency or Declaration of Bankruptcy" (re Management of Bankrupt Enterprise)

Published on 18 March 2008, at 13:15

The Bill (Reg. No. 2088) amends Articles 17 and 32 of the effective Law which determine the procedure of restoration of activity of a debtor enterprise, provided the readjustment was completed. The readjustment can be fulfilled, in case an agreement of lawsuit was concluded, creditors´ demands were satisfied, or the funds retrieved from debtor´s property sale were sufficient enough to satisfy creditors´ demands.

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