Estonia's Outdated Insolvency System Risks Enabling Crime

Estonia's Insolvency Service warns that an outdated insolvency proceedings system, marked by serious management failures and weak accountability, could turn the country into a hub for crime, with abandoned debts from assetless companies reaching €385,000.

28 May, 07:19 — 28 May, 07:19

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err-newsMostly Factual95d ago

Outdated insolvency proceedings system could turn Estonia into a springboard for crime

Serious management failures and weak accountability rules are enabling irresponsible business practices, with the average abandoned debt left behind by insolvent, assetless companies climbing to €385,000, the Insolvency Service warns.

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Estonia's Outdated Insolvency System Risks Enabling Crime

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Outdated insolvency proceedings system could turn Estonia into a springboard for crime

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