Insolvency procedure – annulment of fraudulent acts concluded by the debtor prior to the opening of proceedings Just as important as holding the administrator or those responsible for initiating the insolvency proceedings accountable is the institution of annulling fraudulent acts concluded by the debtor before the opening of insolvency proceedings, acts that aim to defraud...
Judicial reorganization represents the procedure applied by the debtor against whom the insolvency procedure has been initiated and aims at settling his debts to the creditors listed in the definitive table of claims. This procedure involves the drafting, approval, confirmation, implementation, and compliance with a reorganization plan. The reorganization plan may be proposed by the...
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