117-0364/04 – Liquidation and insolvency proceedings (LIŘ)

Gurantor departmentDepartment of Accounting and TaxesCredits5
Subject guarantordoc. Ing. Dagmar Bařinová, Ph.D.Subject version guarantordoc. Ing. Dagmar Bařinová, Ph.D.
Study levelundergraduate or graduateRequirementChoice-compulsory type B
Year2Semesterwinter
Study languageCzech
Year of introduction2019/2020Year of cancellation
Intended for the facultiesEKFIntended for study typesFollow-up Master
Instruction secured by
LoginNameTuitorTeacher giving lectures
BAR36 doc. Ing. Dagmar Bařinová, Ph.D.
Extent of instruction for forms of study
Form of studyWay of compl.Extent
Full-time Credit 2+2

Subject aims expressed by acquired skills and competences

1st Evaluate the company in bankruptcy and proposed termination of its activities. 2nd Overview of current legislation. 3rd Develop an application for insolvency proceedings, including attachments. 4th Specify and evaluate flaws including the determination of their causes, which led the crisis of the company

Teaching methods

Lectures
Tutorials
Project work

Summary

The aim of the course is to familiarise students with various forms of business activities termination with a focus on liquidation and bankruptcy proceedings including the definition of different specifications for the termination of business activities of business companies and self-employed persons in connection with commercial law and the Accounting Act with a focus on bankrupt and subsequently on insolvency proceedings. Specifics of debt relief as a personal bankruptcy. Comparison of personal bankruptcies in other countries of the world.

Compulsory literature:

Insolvency Act effective from 1.1.2008 MCCORMACK, G., Andrew R. KEAY a Sarah BROWN. European insolvency law: reform and harmonization. Cheltenham: Edward Elgar Publishing, 2017. ISBN 978-1-78643-330-5.

Recommended literature:

BAŘINOVÁ, Dagmar, Marie PASEKOVÁ a Zuzana FIŠEROVÁ. Bankruptcy in Czech Republic – From the Perspectives of Debtors, Creditors, and the Judiciary, 2008-2013. 2016, roč. 9, s. 180-191. ISSN 2071-8330. (33 %) BAŘINOVÁ, Dagmar, PASEKOVÁ, Marie, FIŠEROVÁ, Zuzana a Zuzana CRHOVÁ. Debt Relief of Natural Persons and the Rate of Satisfaction of their Creditors in the Czech Republic. In: Verslas: Teorija ir praktika / Business: Theory and Practice. 2015, 185–194 s. ISSN 1648-0627.CLAESSENS, S. – DJANKOV, S. – MODY, A. (2001): Resolution of Financial Distress. An International Perspective on the Design of Bankruptcy Laws. Washington,D. C.: World Bank Institute EUROPEAN UNION. (2003): Comprehensive Monitoring Report on the Czech Republic’s Preparations for Membership. ONLINE. http://europa.eu.int WORLD BANK. (2000): Czech Republic: Completing the Transformation of Banks and Enterprises. ONLINE. http://www-wds.worldbank.org/

Way of continuous check of knowledge in the course of semester

test

E-learning

opora MOODLE - přednášky, odkazy na webové stránky, podklady pro zpracování projektu

Další požadavky na studenta

Other conditions are not determined.

Prerequisities

Subject has no prerequisities.

Co-requisities

Subject has no co-requisities.

Subject syllabus:

Framework syllabus of lectures: 1. Introductory lecture. Familiarisation with literature, aim and content of the course. 2. Receivables in the frame of liquidation and bankruptcy proceedings – legal, accounting and tax perspective. 3. Securitization of bad debts (credit, assignment, bills of exchange, arbitration, court proceedings, notarial deed). 4. Acknowledgement of the debt and its essentials, enforceable and unenforceable debt) 5. Receivables within liquidation and insolvency proceedings – legal, accounting and tax aspects. 6. Accounting and tax aspects of receivables in the process of liquidation and insolvency proceedings. 7. Selected questions of accounting and taxation at the dissolution of the company in liquidation. 8. Legal context in the insolvency proceedings. 9. Debt relief - proposal and its essentials, definition of conditions, forms of debt relief, permission and approval of debt relief, deadlines, course, application of creditors, practical example. 10. Reorganization - definition of basic terminology and definition of conditions for application in practice. 11. Monetization of assets in insolvency proceedings. 12. Accounting and tax context of insolvency proceedings. 13. Proportional distribution of assets from insolvency assets, a practical example of monetization of assets in bankruptcy. 14. Insolvency proceedings with a European international element. Application of Council regulation No 1346/2000/ EC on insolvency proceedings.

Conditions for subject completion

Full-time form (validity from: 2019/2020 Winter semester)
Task nameType of taskMax. number of points
(act. for subtasks)
Min. number of points
Credit Credit 85  85
Mandatory attendence parzicipation: Attendance at seminars is set at a minimum of 75%.

Show history

Occurrence in study plans

Academic yearProgrammeField of studySpec.ZaměřeníFormStudy language Tut. centreYearWSType of duty
2020/2021 (N6208) Economics and Management (6202T049) Accounting and Taxes P Czech Ostrava 2 Compulsory study plan
2020/2021 (N0488A050004) Finance and Accounting (S01) Finance P Czech Ostrava 2 Choice-compulsory type B study plan
2020/2021 (N0488A050004) Finance and Accounting (S02) Accounting and Taxes P Czech Ostrava 2 Compulsory study plan
2020/2021 (N0413A050014) Economics and Management (S03) Economics and Law in Business P Czech Ostrava 2 Compulsory study plan
2019/2020 (N6208) Economics and Management (6202T049) Accounting and Taxes P Czech Ostrava 2 Compulsory study plan
2019/2020 (N0413A050014) Economics and Management (S03) Economics and Law in Business P Czech Ostrava 2 Compulsory study plan
2019/2020 (N0488A050004) Finance and Accounting (S02) Accounting and Taxes P Czech Ostrava 2 Compulsory study plan
2019/2020 (N0488A050004) Finance and Accounting (S01) Finance P Czech Ostrava 2 Choice-compulsory type B study plan

Occurrence in special blocks

Block nameAcademic yearForm of studyStudy language YearWSType of blockBlock owner