Insolvency Proceeding

Insolvency Proceeding in Europe

Insolvency Proceeding (in European Private Law)

In this context, this may be a concept of the term: An “insolvency proceeding” means a collective judicial or administrative proceeding, including an interim proceeding, in which the assets and affairs of a person who is, or who is believed to be, insolvent are subject to control or supervision by a court or other competent authority for the purpose of reorganisation or liquidation.


See Also

  • Private Law

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