Insolvency Flashcards
1
Q
- What are insolvency prevention procedures?
A
o Reorganization agreements and creditor arrangements.
2
Q
- What is general insolvency procedure?
A
o Judicial management aimed at debt recovery or asset liquidation.
3
Q
- What triggers bankruptcy?
A
o Inability to pay debts or failure in reorganization.
4
Q
- What is the role of the judicial administrator?
A
o Manage reorganization or liquidation processes.
