Invalidity of auction for sale of debtor's property

Invalidity of auction for sale of debtor's property

In the terms of increasing instability in Ukrainian economy, the financial condition of commercial organizations is worsening year on year. For last year, many of the biggest business entities faced bankruptcy. The failure of about 40% of Ukrainian banks and the participation of the Deposit Guarantee Fund in insolvency proceedings eventually lead to bankruptcy proceedings in many companies. Long-term approaches for solving the situation primarily end in selling bankrupt’s assets as the only way to satisfy creditors’ claims. The going-out-of-business ...

читать дальше