Liquidation of estate according to bankruptcy provisions

In case of there is a presumption of disclaimer of the inheritance, the inheritance is disclaimed by all the nearest legal heirs, the inheritance is not accepted in the case of disclaimer in favour of the subsequent heirs and during the official liquidation it is determined that the estate is overindebted, the estate is liquidated according to the bankruptcy provisions. As a rule, the liquidation of the estate according to the bankruptcy provisions is a method of liquidation which is provided for overindebted estates. The liquidation of the estate, which is provided for in the Enforcement and Bankruptcy Act as a direct bankruptcy procedure, differs from the ordinary bankruptcy procedure in a number of respects, particularly with regard to the reasons for the liquidation and the liquidation bodies. In our thesis, we first analyse the estate subject to liquidation and the reasons for liquidating the estate according to the bankruptcy provisions; we evaluate the status of the estate liquidation according to the bankruptcy provisions within the bankruptcy procedure and try to clarify the identical and non-identical aspects of this liquidation with the ordinary bankruptcy liquidation.