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Last updated: Thursday, December 13, 2018

 

Please let us about subjects have rights and obligations to submit the application to the court for the declaration of bankruptcy?

Posted: Wednesday, January 14, 2009

On 03 November 2008, the Government issued Decree No. 114/2008/ND-CP on guiding the implementation of a number of articles of Law on bankruptcy to enterprises operating in the fields of insurance, securities and other finance.
 
Accordingly, subjects have rights and obligations to submit the application to the court for the declaration of bankruptcy includes:
 
-                     The unguaranteed creditors or partially guaranteed creditors of enterprises;
 
-                     The laborers’ representative or the representative of the trade union organization;
 
-                     The owner of enterprise or legal representative of enterprise;
 
-                     The representative of capital owner (with regards to State enterprises);
 
-                     The shareholders (joint stock company); and
 
-                     The partners (enterprises operate under the form of partnership).
 
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