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Pre-packs

Pre-packs in the revised insolvency law was governed by new, which is prepared liquidation, popularly known as pre-pack.

The procedure for "pre-pack" is a quick sale running companies, whose activities will be continued by the purchaser than keeping long-term bankruptcy hoping to win the sale of. The debtor to apply for a declaration of bankruptcy may include a request for the approval of the conditions for the sale of the company, its organized part or its components.

It should be noted that, in certain circumstances, the Court is obliged to consider the application, for example in accordance with article 5. 56 c paragraph 1. 1 bankruptcy law.

The attractiveness of the new solution is especially on maintaining continuity in the functioning of enterprises, while for the best possible selling price.

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