Changes in the Hungarian Insolvency Law in the Interwar Period
Choose format
RIS BIB ENDNOTEChanges in the Hungarian Insolvency Law in the Interwar Period
Publication date: 30.06.2022
Cracow Studies of Constitutional and Legal History, Volume 15 (2022), Volume 15, Issue 2, pp. 227-244
https://doi.org/10.4467/20844131KS.22.016.15719Authors
Changes in the Hungarian Insolvency Law in the Interwar Period
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.
Information: Cracow Studies of Constitutional and Legal History, Volume 15 (2022), Volume 15, Issue 2, pp. 227-244
Article type: Original article
Titles:
Changes in the Hungarian Insolvency Law in the Interwar Period
University of Szeged
Hungary
Published at: 30.06.2022
Article status: Open
Licence: CC BY-NC-ND
Article financing:
Percentage share of authors:
Article corrections:
-Publication languages:
EnglishView count: 803
Number of downloads: 842