Legislator Case Law & Legislation
SKS-751/2010-HEL ECLI:DK:HEL:2024:SKS0000000021 AI generated

Bankruptcy petition dismissed due to lack of sufficient assets to cover administrative costs.

Case Number SKS-751/2010-HEL
Court / Authority
Jurisdiction Denmark (DK)
Decision Date
Outcome Dismissed

Legislator summary

AI generated

The court dismissed the bankruptcy petition filed by the creditor against the debtor. The debtor argued that the company had no assets, while the creditor insisted on liquidation to recover debts. The court ruled that without sufficient assets to cover the costs of the bankruptcy proceedings, the petition could not be granted.

Legislator headnote

AI generated

Bankruptcy Act; Insolvency Act: A bankruptcy petition must be dismissed if the debtor's assets are insufficient to cover the costs of the proceedings.

Keywords

AI generated
bankruptcy petition insolvency proceedings insufficient assets creditor rights court costs

Cited Legislation

AI generated
Bankruptcy Act
Insolvency Act

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