Bankruptcy

WHAT

Company bankruptcy is performed when a debtor is insolvent or in debt for an extended period. The bankruptcy procedure is not executed if the debtor has only one creditor or if the company is a sheltered workshop.  The bankruptcy procedure is proposed by creditors, the debtor or a person liable company member. Prior to and during the initiation of the bankruptcy procedure, an insolvent or indebted debtor can propose to the creditors the conclusion of a compulsory composition. A bankruptcy procedure is not executed if the debtor’s property which would apply as bankruptcy estate does not suffice to cover the costs of the bankruptcy proceedings or if the property’s value is insignificant.

WHERE

District Court (Okrožno sodišče) – court register: http://www.sodisce.si/javne_knjige/sodni_register/ (in Slovenian)

Ljubljana, Slovenia