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Deadline Approaching for Minor Debts
The article focuses on organizing the procedures for liquidating small debtors through a swift judicial deposit. The guidance document specifies five main conditions for opening the liquidation process, including proof of insolvency, inability to continue the activity, and the availability of assets to cover debts. It also sets clear timeframes for implementing these procedures, such as preparing the action plan within 10 days of appointment. Additionally, it explains that there are three pathways to initiate liquidation, one of which involves the debtor or creditors filing a request. The process also emphasizes protecting bankruptcy assets and reducing the debtor’s activities during the procedure to ensure asset preservation and meet creditor claims. The system aims to simplify and effectively manage liquidation procedures within a maximum period of 24 months, covering oversight and previous transactions.
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