bankruptcy property

The distribution project for bankruptcy property comes into effect since the date when the court makes the decision.

Where the bankruptcy property is insufficient to pay off debts in the same sequence of liquidation, it shall be distributed proportionately.

Article 112 Bankruptcy property shall be realized through auction, unless otherwise decided on by the creditors' meeting.

to discuss and adopt a plan for the disposition and distribution of bankruptcy property.

the expenses needed for the management, sale and distribution of the bankruptcy property, including the expenses of hiring work personnel;

Keeping, putting into order, appraisal, disposition and distribution of the bankruptcy property

Property that already constitutes security collateral is not bankruptcy property;

the titles or names and domiciles of the creditors that will share in the distribution of the bankruptcy property;

the amount of the bankruptcy property available for distribution;

supervising the distribution of the bankruptcy property;

Priority shall be given to saving the following bankruptcy expenses from the bankruptcy property:

help bankruptcy property protection and value-added, job-related crimes to prevent the insolvency administrator;

Bankruptcy property comprises the following property:

A Study on Legal Institutions of Disposition of Bankruptcy Property

After the prior deduction of bankruptcy expenses from the bankruptcy property, repayment shall be made in the following order: