Bekendtgørelse af konkursloven | A20220160029 — Denmark law | Esheria

Bekendtgørelse af konkursloven

This provision introduces the bankruptcy law and defines key terms and procedures for preventive restructuring.

Jurisdiction
Denmark
Instrument
Act or statute
Citation
A20220160029
Status
Not in force
Version
Undated source snapshot
Language
da
Updated
Official source
View official record ↗
appeals auctions avoidance claims avoidance of dispositions bankruptcy bankruptcy administration bankruptcy coordination bankruptcy disqualification bankruptcy estate bankruptcy estate administration bankruptcy proceedings bo business transfer claims cutoff claims settlement claims treatment claims verification conflict of interest contract claims contract continuation contract performance contract termination cooperatives court administration +62 more

Statute overview

About this statute

This provision introduces the bankruptcy law and defines key terms and procedures for preventive restructuring. Section 238 sets out court, reconstructor, debtor, and creditor-rule procedures for preventive restructuring. The court must start restructuring proceedings immediately when the debtor applies, and it may do so when a creditor applies if the debtor agrees. Rekonstruktøren must notify creditors and the court, send the reconstruction plan before the creditors’ meeting, and register the notice if the debtor is a registered association; the court can require security and end the process if it is not provided. The section sets rules for the reconstructor, debtor, and court during reconstruction proceedings, including reporting, management control, and limits on payments and asset transfers.

LexChat organizes source-backed legal information for research. Verify amendments, commencement, and current legal force with the official publisher before relying on it.