Best Bankruptcy Lawyers in Croatia

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Ilej & Partners

Ilej & Partners

Zagreb, Croatia

Founded in 2000
50 people in their team
Croatian
English
AboutWe advise domestic and international clients on a variety of legal matters in the fields of commercial and corporate law, M&A, energy & infrastructure, banking, finance and capital markets, real estate, intellectual property and technologies, regulatory matters and compliance, and...
Praljak & Svic Law Firm

Praljak & Svic Law Firm

Zagreb, Croatia

Founded in 2010
50 people in their team
Croatian
English
About usIn 2010, Marko Praljak and Marin Svić decided to join forces with the vision of creating a modern law firm where the traditional values ​​of the legal profession are agilely used to meet the demands of the market. From the very beginnings of cooperation in the form of a joint law...
Stjepan Babić, Attorney-at-Law

Stjepan Babić, Attorney-at-Law

Zagreb, Croatia

Founded in 2000
50 people in their team
Croatian
English
Stjepan Babić, Attorney-at-Law, was born in 1967 in Zagreb. He attended the Classical Gymnasium in Zagreb, graduated from the Faculty of Law in Zagreb in 1993, and completed his bar exam in 1995.He completed his legal traineeship at the law firm of Mario Kos, Attorney-at-Law, in Zagreb, and was...
Vukmir and Associates

Vukmir and Associates

Zagreb, Croatia

Founded in 1991
50 people in their team
Croatian
English
WE BELIEVE THAT LAWYERS NEED TO BE INNOVATIVE AND CREATIVE TO SERVE CLIENTS WHO OPERATE IN AN INCREASINGLY COMPLEX MARKET.For 20 years we’ve staked our claim to cutting edge services by remaining flexible and responsive. Yet we cleave to high ethical standards and credibility as our ground. Our...
Orehovec, Vinter, Kiš, Šimunović

Orehovec, Vinter, Kiš, Šimunović

Zagreb, Croatia

Founded in 2012
50 people in their team
Croatian
English
Orehovec, Vinter, Kiš, Šimunović is a limited liability law firm incorporated in 2012 under the name Ilić, Orehovec & Partners as a continuation of the cooperation of attorneys Tomislav Orehovec and his partners and their joint practice founded in 2005. Continuous expansion and joining of...
MUSULIN & ASSOCIATES LAW FIRM

MUSULIN & ASSOCIATES LAW FIRM

Zagreb, Croatia

Founded in 1993
50 people in their team
Croatian
English
About usLaw firm Musulin i co. is a family-owned law firm based in Zagreb, which provides the highest level of legal assistance to domestic and foreign legal entities, families and individuals. The law firm Musulin and Associates continues more than 30 years of successful work by lawyer Blaženka...
Law firm Novosel

Law firm Novosel

15 minutes Free Consultation
Zagreb, Croatia

Founded in 2008
6 people in their team
Croatian
English
Italian
French
Law Firm Karlo Novosel is a full-service law firm located in Zagreb, Croatia that offers a variety of legal services for businesses, individuals, and families. Practice areas include companies and commercial law, banking and financing law, tax and customs law, criminal law, media law, international...
BRADVICA MARIĆ WAHL CESAREC SKERLEV ( BMWC Law Firm )

BRADVICA MARIĆ WAHL CESAREC SKERLEV ( BMWC Law Firm )

Zagreb, Croatia

Founded in 2017
50 people in their team
Croatian
English
who we areBRADVICA MARIĆ WAHL CESAREC SKERLEVBMWC is a Croatian law firm with a focus on strategic and operative commercial issues.We combine legal expertise with deep industry knowledge to help clients achieve their set goals. BMWC’s long-standing know-how and experience in international legal...
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About Bankruptcy Law in Croatia

Bankruptcy in Croatia is governed by the Law on Financial Operation and Pre-Bankruptcy Settlement. It provides a legal framework for individuals, businesses, and organizations facing insolvency to restructure their debts or liquidate assets in an orderly manner. Bankruptcy proceedings in Croatia aim to protect creditors' rights while allowing debtors to seek relief from overwhelming financial obligations.

Why You May Need a Lawyer

Engaging a lawyer experienced in bankruptcy law is crucial in navigating the complex legal processes involved in bankruptcy proceedings. A lawyer can offer valuable advice on debt restructuring, asset liquidation, negotiation with creditors, and representation in court. They can help protect your rights and guide you towards achieving the best outcome for your financial situation.

Local Laws Overview

In Croatia, bankruptcy proceedings can be initiated by a debtor or creditor seeking to enforce their rights. The court appoints a trustee to manage the debtor's assets and liabilities, with the goal of satisfying creditors' claims fairly and efficiently. The law allows debtors to propose a pre-bankruptcy settlement plan to creditors, which may prevent bankruptcy if accepted.

Frequently Asked Questions

1. What are the requirements for filing bankruptcy in Croatia?

Debtors must meet specific criteria to qualify for bankruptcy relief, including being insolvent and unable to pay their debts as they become due. Creditors can also initiate bankruptcy proceedings if a debtor fails to meet their financial obligations.

2. How long does the bankruptcy process typically last in Croatia?

The duration of bankruptcy proceedings in Croatia can vary depending on the complexity of the case and the cooperation of the parties involved. On average, bankruptcy cases can last between one to three years before a final decision is reached.

3. Can I keep any of my assets in a bankruptcy proceeding in Croatia?

Under Croatian bankruptcy law, debtors may be allowed to retain certain exempt assets, such as necessary household items, tools of the trade, and a portion of their income. These exemptions aim to provide debtors with essential resources to support themselves during and after the bankruptcy process.

4. How are creditors repaid in a bankruptcy proceeding in Croatia?

Creditors are typically repaid from the proceeds of the debtor's liquidated assets or through a negotiated settlement plan. Creditors may receive a percentage of the amount owed based on their priority status and the available funds in the bankruptcy estate.

5. Can I apply for bankruptcy multiple times in Croatia?

There are restrictions on filing for bankruptcy multiple times in Croatia to prevent abuse of the system. Debtors who have previously obtained bankruptcy relief may face limitations or additional requirements if they seek bankruptcy again within a certain period.

6. What are the consequences of bankruptcy in Croatia?

Bankruptcy in Croatia can have long-term implications on a debtor's financial standing, credit score, and ability to obtain credit in the future. It may also result in the liquidation of assets, restrictions on certain activities, and potential legal consequences for non-compliance with bankruptcy laws.

7. Can I dispute a creditor's claim in a bankruptcy proceeding in Croatia?

Debtors have the right to challenge creditors' claims in bankruptcy proceedings if they believe the amounts owed are inaccurate or unjustified. The court will review the evidence presented by both parties and make a decision based on the merits of the case.

8. Is bankruptcy the only option for resolving financial difficulties in Croatia?

Bankruptcy is not the only option for resolving financial difficulties in Croatia. Debtors can explore alternatives such as debt restructuring, pre-bankruptcy settlements, or informal agreements with creditors to avoid the negative consequences of bankruptcy.

9. How can a lawyer help me in a bankruptcy proceeding in Croatia?

A knowledgeable bankruptcy lawyer can provide strategic advice, represent your interests in court, negotiate with creditors on your behalf, and ensure compliance with bankruptcy laws and regulations. They can guide you through the process and help you achieve the best possible outcome for your financial situation.

10. What should I consider before hiring a lawyer for bankruptcy in Croatia?

Before hiring a lawyer for bankruptcy in Croatia, consider their experience, expertise in bankruptcy law, track record of success, communication style, and fees. It's important to choose a lawyer who understands your unique circumstances and can effectively advocate for your interests throughout the bankruptcy process.

Additional Resources

For more information on bankruptcy law in Croatia, you can consult the Croatian Bar Association, Ministry of Finance, or legal aid organizations that offer free or low-cost legal services to individuals in need of assistance.

Next Steps

If you require legal assistance in bankruptcy in Croatia, we recommend contacting a qualified bankruptcy lawyer to discuss your case and explore options for resolving your financial difficulties. A lawyer can provide personalized advice tailored to your specific situation and help you navigate the complexities of bankruptcy proceedings with confidence.

Lawzana helps you find the best lawyers and law firms in Croatia through a curated and pre-screened list of qualified legal professionals. Our platform offers rankings and detailed profiles of attorneys and law firms, allowing you to compare based on practice areas, including Bankruptcy, experience, and client feedback. Each profile includes a description of the firm's areas of practice, client reviews, team members and partners, year of establishment, spoken languages, office locations, contact information, social media presence, and any published articles or resources. Most firms on our platform speak English and are experienced in both local and international legal matters. Get a quote from top-rated law firms in Croatia—quickly, securely, and without unnecessary hassle.

Disclaimer:
The information provided on this page is for general informational purposes only and does not constitute legal advice. While we strive to ensure the accuracy and relevance of the content, legal information may change over time, and interpretations of the law can vary. You should always consult with a qualified legal professional for advice specific to your situation. We disclaim all liability for actions taken or not taken based on the content of this page. If you believe any information is incorrect or outdated, please contact us, and we will review and update it where appropriate.