Work detail

Personal bankruptcy in the Czech Republic

Author: Mgr. Jana Malíčková
Year: 2014 - summer
Leaders: PhDr. Mgr. Jana Gutiérrez Chvalkovská
Work type: Finance, Financial Markets and Banking
Language: English
Pages: 82
Awards and prizes:
Abstract: Personal bankruptcy has been enacted in the Czech legal system since 2008. In the six
years, during which the legal regulation was in e ect, there here have been already 84,000
applications for personal bankruptcy led and the number is still increasing. For the em-
pirical part of this work, I have created a data set matrix consisting of 175 applicants for
personal bankruptcy and 25 descriptive variables. I found out that personal bankruptcy
was permitted in more than 90% of the cases. The single variable with the highest in
on the positive handling of the request for personal bankruptcy was the manner of lling in
the application. Handwritten applications have a much lower percentage of approval than
those written on a computer or a typewriter. We noted that frequently debtors received a
nancial donation optimized in order to have sucient nancial means for the permission
of personal bankruptcy.




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