The Commission wants to help businesses overcome financial difficulties in case of bankruptcy, while at the same time maximising the value received by other parties concerned. An appropriate insolvency framework would be an essential element of a good business environment and would therefore in the Commission's view be important for jobs and growth. This consultation seeks stakeholders' views on key insolvency aspects. In particular, it seeks views with regard to common principles and standards which could ensure that national insolvency frameworks work well, especially in a cross-border context.

Contributions from courts are particularly welcomed by the Commission. The consultation is open till 14th June 2016. 

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