TRADE BANKRUPTCY IN BULGARIA: LEGAL PROBLEMS IN DEFINING THE STARTING DATE OF THE BANKRUPTCY
From the standpoint of legal theory the principle valid in bankruptcy is as follows: the moment the merchant falls into bankruptcy, respectively over-indebtedness – all his creditors form a particular group, namely that of the bankruptcy creditors of the debtor. It may well be the case that some of the creditors have found out about their debtor’s bankruptcy only after the opening of the...