Compensation for Release from Obligations in Bankruptcy Cases

Amendments introduced to the Law on Bankruptcy are intended to normalize the procedure
for satisfying creditors’ claims by providing a compensation for release from obligations.
In particular, the legislator has set limitations on the possibility to enter into such agreement, established the procedure for transfer of a property serving as said compensation,
regulated property transfer to several creditors, and entering into a compensation
agreement if the creditor’s claims are subject to satisfaction only in
cash.