Zákon č. 7/2005 Z. z. o konkurze a reštrukturalizácii a o zmene a doplnení niektorých zákonov

This law establishes the legal framework for bankruptcy and corporate restructuring in Slovakia. It aims to provide a structured process for managing insolvent debtors, ensuring fair distribution of assets to creditors, and allowing viable businesses to reorganize their debts to avoid complete liquidation. This procedure primarily affects companies facing insolvency, their creditors, and legal professionals. It changes how debt recovery is handled and sets the rules for corporate recovery plans.