MANAGING THE FISCAL DEBTS FOR THE CONTRIBUTORS IN INSOLVENCY PROCEDURE

Abstract

In a market economy, insolvency is a common phenomenon. Its amplitude is, however, an important barometer for sustainable economic development and for the normal economic processes and financial stability and predictability of the business environment, entrepreneurial management quality. The fundamental purpose of opening insolvency proceedings is the "freeze" of debtor's debts up to that time at which it will be remove the possibility of establishing new flows accessories, and continuing to pay all current liabilities and debt installments history.

Keywords

• insolvency procedure
• debtor's debts
• Code of Insolvency
• fiscal debts
• bankruptcy procedure.