Poradce 3/2025 Insolvenční zákon s komentářem

Insolvency Act – is among those legal norms that are subject to frequent amendments. It is a very important legal norm that aims to help address the insolvency and impending insolvency of the debtor, with the significance of this legal norm increasing manifold during times of economic crisis and other economic difficulties. The Insolvency Act with commentary regulates the resolution of insolvency and impending insolvency of the debtor through court proceedings in one of the specified ways, so as to arrange the property relations of persons affected by the debtor's insolvency or impending insolvency and to achieve the highest possible and fundamentally proportional satisfaction of the debtor's creditors. It also regulates the conditions for the debtor's debt relief. According to this law, insolvency proceedings should lead to a quick, economical, and as high as possible satisfaction of creditors. At the same time, it should be conducted in such a way that no participant is unjustly harmed or unlawfully favored. The legislative regulation of insolvency resolution pursues both the interests of the proper functioning of the economy, as it releases resources from activities in which they are used inefficiently, and these resources can subsequently be effectively reintegrated into the economy, as well as – in the case of personal bankruptcies of individuals – the interests...