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Title_of_text

Law on Debt Restructuring and Debt Protection (No. RT I, 06.12.2010) (consolidation).

Main Region

First Region

Estonia
Civil, commercial and family law
2010-11-17
National
Law, Act

Second Region

Võlgade ümberkujundamise ja võlakaitse seadus
Aims at facilitating the restructuring of the debts of a natural person having solvency problems (debtor), in order to overcome the solvency problems and avoid bankruptcy proceedings. Article 10 of the law provides, inter alia, that a sole proprietor applying for the reorganisation of an enterprise shall explain that the enterprise needs reorganisation and that the sustainable management of the enterprise following the reorganisation is likely. They must also indicate the consequences of reorganisation for the employees of the enterprise.

Makes consequential amendments to the following laws:
- Law of Property Act (RT I 1993, 39, 590; 2010, 38, 231);
- Taxation Act (RT I 2002, 26, 150; 2010, 72, 544);
- Bankruptcy Act (RT I 2003, 17, 95; RT I, 12.11.2010, 1);
- State Fees Act (RT I 2010, 21, 107; 2010, 72, 542);
- Code of Civil Procedure (RT I 2005, 26, 197; 2010, 38, 231);
- General Part of Civil Code Act (RT I 2002, 35, 216; 2010, 38, 231);
- Security Act (RT I 2003, 68, 461; 2010, 22, 108);
- Code of Enforcement Procedure (RT I 2005, 27, 198; 2010, 38, 231);
- Law of Obligations Act (RT I 2001, 81, 487; 2010, 77, 590);
- Law of Obligations Act, General Part of the Civil Code Act and Private International Law Act Implementation Act (RT I 2002, 53, 336; 2010, 77, 590).

Entry dates region

    Date of entry into force
    2011-04-05
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Amended Text region

Electronic region