Margarita Stefanova Yordanova
Declaring Bankruptcy and Liquidation of Debtor’s Assets – Legal Nature and Legislative Principles
Summary:
Bankruptcy proceedings is a set of procedural steps taken consistently over time as a result of which are differentiated and relatively independent stages (phases) of the overall court proceedings. On this basis, this study analyses the declaration of the debtor's bankruptcy and the liquidation of his assets. The problems with theoretical and practical significance are those concerning the prerequisites for the transition to this phase and the legislative principles, which are a kind of guarantee for the rights of creditors and the debtor.
