Bulgaria Report on the Observance of Standards and Codes : Insolvency and Creditor-Debtor Regimes

The World Bank Group assessed the insolvency and creditor/debtor regimes (‘ICR’) of Bulgaria pursuant to the joint IMF/World Bank initiative on the observance of standards and codes (‘ROSC’). The assessment has been undertaken on the basis of the I...

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Main Author:	World Bank Group
Format:	Report
Language:	English en_US
Published:	World Bank, Washington, DC 2017
Subjects:	CREDITOR RIGHTS LEGAL FRAMEWORK RISK MANAGEMENT INSOLVENCY REGULATION INSTITUTIONS DEBT RESTRUCTURING LATVIAN PRINCIPLES
Online Access:	http://documents.worldbank.org/curated/en/627841500888030145/Bulgaria-Report-on-the-Observance-of-Standards-and-Codes-ROSC-insolvency-and-creditor-or-debtor-regimes http://hdl.handle.net/10986/27993

id	okr-10986-27993
recordtype	oai_dc
spelling	okr-10986-279932021-05-25T09:02:37Z Bulgaria Report on the Observance of Standards and Codes : Insolvency and Creditor-Debtor Regimes World Bank Group CREDITOR RIGHTS LEGAL FRAMEWORK RISK MANAGEMENT INSOLVENCY REGULATION INSTITUTIONS DEBT RESTRUCTURING LATVIAN PRINCIPLES The World Bank Group assessed the insolvency and creditor/debtor regimes (‘ICR’) of Bulgaria pursuant to the joint IMF/World Bank initiative on the observance of standards and codes (‘ROSC’). The assessment has been undertaken on the basis of the ICR Standard. The conclusions in this assessment are based on a review of the legislation, and other regulations and procedures relevant to bankruptcy, restructuring, the creation and enforcement of pledges and other security interests over immovable and movable property, and debt enforcement. The Bulgarian legal framework governing creditor/debtor relationships provides several means for protecting credit and minimizing the risks of non-performance and default. However, the laws and institutions governing security rights over both immovable and movable assets need improvement. The bankruptcy legislation is rather comprehensive but in practice insolvency proceedings are not working effectively. This report tries to contribute to the authorities’ efforts aimed at continuing and further improving the laws and institutions related to credit relationships. 2017-08-28T15:03:57Z 2017-08-28T15:03:57Z 2016-06 Report http://documents.worldbank.org/curated/en/627841500888030145/Bulgaria-Report-on-the-Observance-of-Standards-and-Codes-ROSC-insolvency-and-creditor-or-debtor-regimes http://hdl.handle.net/10986/27993 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Economic & Sector Work Economic & Sector Work :: Insolvency Assessment Europe and Central Asia Bulgaria
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English en_US
topic	CREDITOR RIGHTS LEGAL FRAMEWORK RISK MANAGEMENT INSOLVENCY REGULATION INSTITUTIONS DEBT RESTRUCTURING LATVIAN PRINCIPLES
spellingShingle	CREDITOR RIGHTS LEGAL FRAMEWORK RISK MANAGEMENT INSOLVENCY REGULATION INSTITUTIONS DEBT RESTRUCTURING LATVIAN PRINCIPLES World Bank Group Bulgaria Report on the Observance of Standards and Codes : Insolvency and Creditor-Debtor Regimes
geographic_facet	Europe and Central Asia Bulgaria
description	The World Bank Group assessed the insolvency and creditor/debtor regimes (‘ICR’) of Bulgaria pursuant to the joint IMF/World Bank initiative on the observance of standards and codes (‘ROSC’). The assessment has been undertaken on the basis of the ICR Standard. The conclusions in this assessment are based on a review of the legislation, and other regulations and procedures relevant to bankruptcy, restructuring, the creation and enforcement of pledges and other security interests over immovable and movable property, and debt enforcement. The Bulgarian legal framework governing creditor/debtor relationships provides several means for protecting credit and minimizing the risks of non-performance and default. However, the laws and institutions governing security rights over both immovable and movable assets need improvement. The bankruptcy legislation is rather comprehensive but in practice insolvency proceedings are not working effectively. This report tries to contribute to the authorities’ efforts aimed at continuing and further improving the laws and institutions related to credit relationships.
format	Report
author	World Bank Group
author_facet	World Bank Group
author_sort	World Bank Group
title	Bulgaria Report on the Observance of Standards and Codes : Insolvency and Creditor-Debtor Regimes
title_short	Bulgaria Report on the Observance of Standards and Codes : Insolvency and Creditor-Debtor Regimes
title_full	Bulgaria Report on the Observance of Standards and Codes : Insolvency and Creditor-Debtor Regimes
title_fullStr	Bulgaria Report on the Observance of Standards and Codes : Insolvency and Creditor-Debtor Regimes
title_full_unstemmed	Bulgaria Report on the Observance of Standards and Codes : Insolvency and Creditor-Debtor Regimes
title_sort	bulgaria report on the observance of standards and codes : insolvency and creditor-debtor regimes
publisher	World Bank, Washington, DC
publishDate	2017
url	http://documents.worldbank.org/curated/en/627841500888030145/Bulgaria-Report-on-the-Observance-of-Standards-and-Codes-ROSC-insolvency-and-creditor-or-debtor-regimes http://hdl.handle.net/10986/27993
_version_	1764466334988500992

Bulgaria Report on the Observance of Standards and Codes : Insolvency and Creditor-Debtor Regimes

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