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Bankruptcy – Consequences on the Course of the Civil Proceeding

As a result of major market changes, business entities more often suspend their operations and become insolvent, during which arises the question of the collectability of the claims of their creditors and associates, as well as persons who are in other relationships with such insolvent business entities.

The legislative framework governing bankruptcy provides partial answers and our Associate Dajana Drljević will try to give us her perspective on the stated subject in the following article.

The article highlights a legal gap concerning claims that cannot be reported in bankruptcy proceedings, such as non-monetary claims, noting that suspended civil proceedings remain at a midpoint, neither continuing nor formally concluding, which can create uncertainty for creditors and other involved parties.

Our Associate Dajana Drljević has raised this issue with competent courts for interpretation and resolution. However, certain questions still remain unanswered in the shining shadow of legal gaps.

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