👉 Entrepreneurs who have lost liquidity and become insolvent during the pandemic period must bear in mind that the deadline for them to officially declare bankruptcy runs anew.
👉 According to the bankruptcy law, an entrepreneur is obliged to file a bankruptcy petition with the court no later than 30 days from the day on which the grounds for bankruptcy occurred. The filing is intended to protect the entrepreneur's creditors and prevent the removal of assets from the company. However, this obligation has been suspended for the duration of the pandemic.
👉As of July 1, the exemption from this obligation was abolished and companies that qualify for bankruptcy will have to submit an appropriate application to the court. This means that companies, individuals running sole proprietorships and civil partnerships must fulfil the said obligation in due time.
29 June 2023. We invite you to read the full version:" No more bankruptcy 'holidays'!
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