Work detail

Personal bankruptcy in the Czech Republic

Author: Mgr. Jana Malíčková
Year: 2014 - summer
Leaders: PhDr. Mgr. Jana Gutiérrez Chvalkovská
Consultants:
Work type: Finance, Financial Markets and Banking
Masters
Language: English
Pages: 82
Awards and prizes:
Link: https://is.cuni.cz/webapps/zzp/detail/137557/
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
uence
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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