Drivers of Success of Insolvency Proceedings in the Czech Republic
|Author:||Bc. Anna Bezuchová|
|Year:||2020 - summer|
|Leaders:|| Mgr. Petr Polák MSc. Ph.D.
|Work type:|| Bachelors
|Awards and prizes:|
|Abstract:||This thesis focuses on the insolvency proceedings of natural persons in the Czech
Republic with the aim to examine the impact of the debt structure on the
probability of being relieved of debts. For this purpose, the linear probability
model and the logit model are used. The analyzed dataset consists of 269
insolvency proceedings for which the insolvency petition was filled between 2008
and 2017. We found that the debtor with a higher share of nonbank debt has
a higher probability of being relieved of debts than the debtor with a higher
share of bank debt. Moreover, the number of kids and the number of creditors
negatively affect the probability of being relieved of debts.