Concept of creditors in insolvency proceedings Cover Image

Понятие за кредитори в производството по несъстоятелност
Concept of creditors in insolvency proceedings

Author(s): Grigor Naydenov Grigorov
Subject(s): Law, Constitution, Jurisprudence, Civil Law
Published by: Пловдивски университет »Паисий Хилендарски«
Keywords: insolvency; creditors; persons
Summary/Abstract: Insolvency proceedings, as universal enforcement proceedings against an insolvent or over-indebted debtor-trader, aim to ensure fair satisfaction of the debtor's creditors (Art. 607, Para. 1 Trade Law). These are insolvency creditors. This necessitates clarifying the concept of insolvency's creditors and distinguishing them from persons who, although creditors of the debtor, are not insolvency's creditors. The article clarifies the circle of persons who are creditors of the insolvensy and the corresponding consequences for them and the insolvensy proceedings.