IIL: European Principles - Statistics

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Answer Stats
Hint Answer % Correct
What is a juridical act? Act detrimental to creditors by debtor
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Administrator
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Who collects all debtor's assets? Administrator
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§13 Closure
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Creditor(s)
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Main parties Debtor
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§14 Debtor in possession
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§3 Effects of opening
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How are they paid? From debtor's assets
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§1 Insolvency proceeding
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§2 Institutions and participants
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§12 Liquidation
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§4 Management
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§5 Obligations and fees of administrator
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What can administrator demand? Performance
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§7 Position of employees
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Main document Principles of European Insolvency Law
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§11 Reorganisation
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§8 Reversal of juridical acts
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§9 Security rights and set off
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§10 Submission and admission of claims
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Termination
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What happens to known assets and those incurred after opening? Transferred
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§6 Treatment of contracts
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How is the reorganisation plan decided? Vote
0%
Do employees have certain preferential rankings in the proceeding? Yes
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