Insolvency Estate Administration Accounts
The owner of the Insolvency Estate Administration Account can only be a bankruptcy trustee registered in the insolvency register of the Ministry of Justice of the Czech Republic.
- Keeping of the Insolvency Estate Administration Account is regulated by a special contract limiting the disposals of funds on the account in terms of both the authorised person and the purpose of use.
- Insolvency Estate Administration Accounts are payable on a daily basis.
- Access to the account is non-stop via online services.
Insolvency estate administration account keeping alternatives
ALTERNATIVE A – estate administration accounts (the account is held for the trustee’s ID No. or Birth Certificate No.)
ALTERNATIVE B – the account is held directly for the bankrupt (the account is held for the bankrupt’s ID No. or Birth Certificate No.)