BRBL: Concepts and Practice · Part C: Important Acts and Laws II

Chapter 16: Insolvency and bankruptcy

Rescuing a failed company: the CIRP, the creditors’ committee, liquidation, and the 2026 changes.

Open Chapter 16 in the e-book The book and its prices

Buyers of the e-book, or of the print copy, which includes it, read the whole chapter. Everyone can read the free sample, pages 1 to 24 of the e-book.

In this chapter

16.1The Code and its institutionsp. 213
16.2Starting a CIRPp. 214
16.3Running the processp. 215
16.4Resolution plan or liquidationp. 216
16.5Individuals, guarantors and the 2026 changesp. 217
Exam traps and quick checksp. 218
Practice: 16 questions in three roundsp. 219
Answers, with every wrong option explainedp. 221
Make it stickp. 223
Chapter 16 on one pagep. 224

Corrections and updates

None for this chapter so far. Every correction to the book, and any rule that changes after its date, is listed on the errata page.