The Project aims to attract citizens involvement in the development of policies and governing decisions related to insolvency and new European approach to business failure and insolvency which covers preventive restructuring, efficient insolvency proceedings, insolvency of individuals and early warning of financial difficulties.

ACTIVITIES:  Monitoring of the state of play of the formation of policies and identification of possible and advisable topics to develop opinion of the civil society; an analysis of the Commercial Act provisions on insolvency and stabilization, and the results of the expert assistance, that Republic of Bulgaria has received; recommendations on the policies , including possible legislative amendments;. an online expert meeting to consult on the content of early warning policies for financial problems.

The results of the project will be presented to relevant executive bodies and NGOs and will be made public.

PARTNERSHIP: Judgement Enforcement Development Initiative

DURATION: 14 months

START: 29 August 2022

BUDGET: 49 297.25 BGN of which BGN 41,902.66 is financed by the ESF and BGN 7,394.59 is national co-financing

FINANCING: Grant under the Operational Program “Good Governance” co-financed by the European Social Fund, Priority axis No. 2 “Effective and professional governance in partnership with civil society and business”, Procedure BG05SFOP001-2.025 “Increasing civil participation in the implementation processes and monitoring of policies and legislation’

RESULTS: Online expert meeting – report.