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Opening insolvency proceedings against the debtor

Methods of debt recovery – 7. Opening insolvency proceedings against the debtor   Debt recovery concludes with the enforcement, by any method permitted by law, of the amounts awarded in court. In case, after obtaining an enforceable court decision, the debtor does not voluntarily settle the debt, and the debtor, a legal entity, is unable...

Enforcement proceedings

Methods of debt recovery – 6. Enforcement proceedings Debt recovery must result in the creditor receiving all sums due from the debtors. In this regard, the debt recovery process does not end with obtaining a favorable court decision but concludes with the enforcement, whether voluntary or forced, of the sums in question. If, after obtaining...