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Labour Party calls for parliamentary debate on bankruptcy proceedings

Autor: vmic
ZAGREB, April 17 (Hina) - The Labour Party announced on Tuesday it would put forward a motion for a discussion on bankruptcy proceedings in Parliament in order to draw attention to the need for changing the existing law because bankruptcy proceedings were poorly conducted, lengthy and in violation of the Bankruptcy Act.

"In such proceedings, companies have been ruined intentionally or through mismanagement and as a result they have been liquidated and workers have ended up without jobs," Labour Party leader Dragutin Lesar told a press conference in the Parliament building.

Lesar said that as many as 89 bankruptcy proceedings had been conducted for more than 10 years, 166 for more than five years, and 287 for more than three years, even though they should have been completed within no more than a year and a half. He said that 1,400 bankruptcy proceedings were under way.

Lesar said it was unacceptable that the government did not have records of bankruptcy proceedings and that manipulations with daughter companies were still possible. He said that with its motion his party wanted to force the government to ensure free legal aid for creditor workers in bankruptcy proceedings and to begin a forced collection of payments in order to reform and rescue the healthy part of a company.

"We want to prevent illegality, theft and crime before the opening of bankruptcy proceedings," Labour Party MP Zlatko Tusak said.

(Hina) vm

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