Concept selected: Abbreviated procedure
- Definition
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Procedure that is applied when the debtor is a natural or corporate person that is authorised to present an abbreviated balance and the initial estimate of his or her liabilities does not exceed one million euros. The abbreviated procedure reduces the deadlines envisaged in the Insolvency Act unless the judge determines the opposite.
- Source
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Surveys Mercantile Companies and Bankruptcy Proceedings
- Topic
- Statistical operations (links to the Inventory of Statistical Operations)
- Concepts associated