bankruptcy conclusion order, final report, expenditures of bankruptcy assets, receipts,_x000D_
spreading proposal, spreading order, part-spread
The topic of presented article is a description of any proceeding that leads to bankruptcy
conclusion. Some cases involving bankruptcy conclusion are described in the beginning of the
article. An action that needs to be taken before the final report is also evaluated. The main part presents
some expenditures of bankruptcy assets, and receipts are briefly characterized. The further
part shows steps of any court in connection with negotiation and certification of the final report.
The separate part is dedicated to bankruptcy assets allocation. Preconditiones for kind of petition
in bankruptcy are specified as far as its own subject and exploit is partly mentioned. Following
section brings the explanation of sequences for meeting the demand. With focus on the final
report, all steps are demostrated on particular bussiness example without any activity termination.
Expenditures and receipts are specified through individual items. You can also meet the objections
against the final report, integrated process of amount getting off, and legal custody appliction. The
topic is filled out with concrete example leading to the bankruptcy conclusion. This article is the
last one of professional works that were already presented, mainly with a view to any bankruptcy
proceedings in the Czech Republic. Gradually, the main characteristic features of declaration of
insolvency, bankruptcy order, bankruptcy proceedings, bankruptcy assets, Bankruptcy Act, distribution
of a bankrupt‘s estate, etc. were exactly defined and described. By drawing to a close, you
can become acquainted with the new bankruptcy law normalizing, effected on July 1, 2007. The
new Bankruptcy Act represents comprehensive legal regulation which is going to replace existing
bankruptcy law. The Bankruptcy Act strengthens bankrupt‘s creditor‘s hand and makes easier and
fasters all bankruptcy proceedings.