The purpose of the laws is to establish a legal basis for a collective procedure for satisfying creditors' claims at the expense of the debtor's property by applying a restructuring or bankruptcy procedure.
"Insolvency administrator" is a person who is appointed in accordance with this law to supervise the debtor and/or manage its activities during the observation period, insolvency proceedings and/or for the period of restructuring in accordance with the powers established by the insolvency law.
The Insolvency Law is a complex and multifaceted document, and for a deeper understanding of its provisions, we recommend that you seek advice from specialists.