Abstract
In the context of the research and practice The Law of Bankruptcy of the Natural Persons in Lithuania is a relatively new subject and scientifically very fragmentally analysed. The bill of Bankruptcy of Natural Persons in Lithuania was proposed in 2009 (No. XIP-450, 24.03.2009), but met with a considerable amount of criticism and was delayed for further improvements. However, the Law of Bankruptcy of the Natural Persons in Lithuania has come into force on the March 1, 2013. The article aims to identify the main reasons that cause bankruptcy of natural persons in Lithuania as well as to figure out some problems related with it. Through the systematic and comparative analysis there are presented the concept of bankruptcy of natural persons, models, advantages and disadvantages together with reasons and problems. The paper also presents the results of the semi-structured interview with two expert groups.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
