%0 Journal Article
%T Changes in the Hungarian Insolvency Law in the Interwar Period
%A Pétervári, Máté
%J Krakowskie Studia z Historii  Państwa i Prawa
%V Tom 15 (2022)
%R 10.4467/20844131KS.22.016.15719
%N Tom 15, Zeszyt 2
%P 227-244
%K bankruptcy procedure, compulsory non-bankruptcy settlement, exceptional power, state intervention in the private law, effect of the First World War, responses to the economic crises
%@ 2084-4115
%D 2022
%U https://ejournals.eu/czasopismo/kshpp/artykul/changes-in-the-hungarian-insolvency-law-in-the-interwar-period
%X 
	The First World War and the Trianon Treaty shocked the Hungarian economy. The Hungarian government implemented a payment moratorium from the start of the war, but after a one-year long moratorium, the government wanted to restore the working of the economy. But it desired to avoid the massive bankruptcies of the firms; therefore, a new institution, the compulsory non-bankruptcy settlement was introduced by the government in Hungary for helping the debtors. In my paper, I examine the rearrangement of the insolvency law in the interwar period which was generated by the compulsory nonbankruptcy settlement. This appeared beside the bankruptcy procedure, which regulation was passed by the National Assembly in 1881. It was the second Hungarian bankruptcy act, which remained unchanged until socialism. These two procedures were the significant elements of the insolvency law in the examined period. In my paper, I present the circumstances of the new institution’s introduction, its modification and its relation to the bankruptcy procedure.

	FINANSOWANIE

	

	The project ‘Continuity and Discontinuity of Pre-war Legal Systems in Post-war Successor States (1918–1939)’is co-financed by the Governments of Czechia, Hungary, Poland and Slovakia through Visegrad Grants from International Visegrad Fund. The mission of the fund is to advance ideas for sustainable regional cooperation in Central Europe. Visegrad Grant No. 22030159.