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REORGANIZATION OF THE BANKRUPTCY DEBTOR IN BANKRUPTCY PROCEEDINGS

Božo Vukoja
Matea Antonela Vukoja
Mirsada Murtić

Sažetak

Bankruptcy represents the termination of the company's operation by selling the assets of the
bankrupt debtor, all with the aim of collective settlement of creditors. After the opening of
bankruptcy of a company, the bankruptcy legislation so recognizes the concept of
restructuring in bankruptcy. Until the introduction of the concept of bankruptcy restructuring
in our domestic legislation, bankruptcy proceedings regularly meant the termination of a
company as a legal entity. The essence of their structuring plan, i.e. the bankruptcy plan, is to
undertake recovery measures which, with their consent, enable creditors to get a better
settlement than by selling off their assets in bankruptcy liquidation. After the opening of
bankruptcy of a company, all authority and responsibility for keeping books and compiling
financial statements pass to the bankruptcy administrator. In the bankruptcy procedure, it is
mandatory to draw up bankruptcy balance sheets, and for this purpose they are drawn up: the
initial bankruptcy balance sheet, which is drawn up on the basis of the list of assets and
liabilities, as well as the final bankruptcy balance sheet, where after the sale of assets and
settlement of the liabilities of the bankruptcy estate and the costs of the bankruptcy
procedure, a report is submitted to the bankruptcy to the judge. The basic economic principles
of bankruptcy are: the length of the bankruptcy procedure, the costs of the bankruptcy
procedure and the percentage of settlement of creditors in the bankruptcy procedure.
The aim of this paper is to point out the possibilities of implementing a restructuring
plan in bankruptcy, that is, to point out the accounting and economic aspects of bankruptcy.
The paper will present their structuring plan in bankruptcy, i.e. the bankruptcy plan of a
utility company that is success fully under going bankruptcy proceedings, as well as the
bankruptcy balance actions that take place in the bankruptcy proceedings. Administrator
when conducting bankruptcy proceedings. The aim of the paper is to gain knowledge about
the practical issues of bankruptcy proceedings in Bosnia and Herzegovina and their opinion
on restructuring in bankruptcy.

Ključne riječi

bankruptcy, bankruptcy proceedings, bankruptcy balance sheets, restructuring in bankruptcy, bankruptcy administrator, company in bankruptcy,

Hrčak ID:

336266

URI

https://hrcak.srce.hr/336266

Datum izdavanja:

6.10.2025.

Podaci na drugim jezicima: hrvatski

Posjeta: 1.039 *