SPECIFICS OF LIMITATION OF THE LEGAL PERSONALITY INSOLVENT - THE LEGAL PERSON

Abstract

One of the parties in the relations in insolvency procedures is a debtor. The definition shows, that the debtor is the natural or legal person who is obliged to commit determined action for the benefit of other person (creditor), somehow he can act: to turn over stores, perform work, to pay money, etc., or to refrain from any action. In the performance of the indicated actions, the debtor undergoes determined legal, for example, he is limited to commit determined actions or to make of the decision.

Keywords

• inconsistency
• bankruptcy
• debtor
• creditor
• property
• legal consequences
• legal person