Mondaq All Regions - Hungary: Insolvency/Bankruptcy/Re-structuring
SZECSKAY - Attorneys at Law
Under Hungarian law, bankruptcy is a procedure during which the debtor is granted a moratorium with a view to increasing the chance of a settlement agreement and during which the debtor attempts to reach a settlement with the creditors
SZECSKAY - Attorneys at Law
In this article, we provide a brief overview of the some of the most important new rules applicable to Hungarian liquidation proceedings after 1 September 2009.
SZECSKAY - Attorneys at Law
Under Hungarian law, the liquidation of a company aims at the dissolution of an insolvent company with no legal successor.
SZECSKAY - Attorneys at Law
In this article, we address the issue of whether a claim reported by a creditor during winding-up of a Hungarian company needs to be reported to the liquidator after the winding-up has turned into liquidation, or whether such a claim automatically qualifies as duly reported during liquidation and must, therefore, be registered by the liquidator.
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