New bankruptcy laws on the way as part of Kolodko's anti-crisis package

The government wants to aid enterprises on the verge of unintentional bankruptcy. New bankruptcy laws, including completely new solutions, are to be presented in draft form by Deputy Prime Minister Grzegorz Kolodko to the government on Tuesday. "This will be a law that is friendly to entrepreneurs who act in compliance with regulations," declared Feliks Zedler, a professor and the author of the draft bill. The draft enables, for example, entrepreneurs threatened with bankruptcy to use "repair" proceedings, which will be carried out under court supervision. Another novelty is the introduction of an expert auditor's opinion on the status of a bankrupt company as one of a number of security measures to protect against the debtor's selling the company's property. The draft comes within the framework of Grzegorz Kolodko's anti-crisis package, and as such will reach parliament. (Rzeczpospolita, August 10-11, p. A1) P.W.