Saturday, August 23, 2025

Bankruptcy frees companies of all debt

Vladimer Papava, economics professor at Georgian Foundation for International and Strategic Studies, says the law seems tailormade to help some particular companies ahead of the election in October 2012.

TBILISI, DFWatch – A new law lets companies escape all debt if they go bankrupt, freeing the owners of all responsibilities.

Following a decision by the government, companies in Georgia will be able to liquidate without paying debts. Creditors won’t be able to ask

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