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The Supreme People's Court of Vietnam: Benchbook Online

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12. Notifying of the decision to commence bankruptcy procedures


Related legal documents
  • Bankruptcy Law (Article 29)
  • Resolution No. 03/2005/NQ-HDTP dated 28 April 2005 of the SPCJC providing guidelines for implementation of a number of provisions of the Bankruptcy Law 2005 (hereinafter referred to as Resolution No. 03/2005) (Section 3 of Part III)

  • Main duties and practical skills:

    After issuing a decision to commence bankruptcy procedures, the Judge must:

    • Serve the decision to commence bankruptcy procedures on the enterprise or co-operative which has become insolvent and on the people's procuracy of the same level, and shall be published on a newspaper.
    • Notify the decision to commence bankruptcy procedures to creditors and debtors of the enterprise or co-operative which has become insolvent (who are on the list or have declared).
    • Publish the decision in three consecutive editions of a local newspaper of the locality of the main address of the enterprise or co-operative which has become insolvent and of a central daily newspaper