Bankruptcy plan as a third model for sport clubs
| Autor: | Ante Vuković |
|---|---|
| Sprache: | Englisch; Kroatisch |
| Veröffentlicht: |
2011 |
| Quelle: | Directory of Open Access Journals: DOAJ Articles |
| Online Zugang: |
http://hrcak.srce.hr/file/111699 https://doaj.org/toc/0584-9063 https://doaj.org/toc/1847-0459 0584-9063 1847-0459 https://doaj.org/article/ede3a8f6edeb41d0931bbe1a9a9776a3 https://doaj.org/article/ede3a8f6edeb41d0931bbe1a9a9776a3 |
| Erfassungsnummer: | ftdoajarticles:oai:doaj.org/article:ede3a8f6edeb41d0931bbe1a9a9776a3 |
Zusammenfassung
Bankruptcy doesn't necessarily mean a liquidation of the sport club, trough bankruptcy plan (restructuring plan) it can also mean a new start. The bankruptcy law doesn't set any restriction on how pursuit of activities will be arranged between bankruptcy debtors and creditors in bankruptcy. Abuse of right is forbidden. It may be useful to indicate that legal representatives of the debtors can submit a bankruptcy plan together with petition to open a bankruptcy proceeding to the commercial court till opening of the bankruptcy proceeding. In case bankruptcy is opened submission of the plan the exclusive right of a trustee in bankruptcy.