ZAGREB, Dec 14 (Hina) - The Croatian National Parliament's House of Representatives on Thursday adopted a Bill on Bankruptcy which makes possible quick bankruptcy proceedings and better securing of the payment of debts to employees of
companies in bankruptcy. The law places the debts in the first line of payments. The lists of bankruptcy trustees will be drawn up by the president of the High Court of Commerce, comprising only trustees with university education and the necessary exam. The House also adopted an amendment to the bill stipulating the list could be added to at any time. Adopted was also an amendment according to which employees are relieved from paying court expenses for the initiation of bankruptcy proceedings. (hina) lml
ZAGREB, Dec 14 (Hina) - The Croatian National Parliament's House of
Representatives on Thursday adopted a Bill on Bankruptcy which
makes possible quick bankruptcy proceedings and better securing of
the payment of debts to employees of companies in bankruptcy.
The law places the debts in the first line of payments.
The lists of bankruptcy trustees will be drawn up by the president
of the High Court of Commerce, comprising only trustees with
university education and the necessary exam.
The House also adopted an amendment to the bill stipulating the list
could be added to at any time.
Adopted was also an amendment according to which employees are
relieved from paying court expenses for the initiation of
bankruptcy proceedings.
(hina) lml