ENG

   Insolvency Administration is a state authority controlled by the Minister of Justice. It has been established in 2002 according to the Law on public agencies, the Law on the protection of employees in the event of the insolvency of their employer, the Insolvency Law and other regulations.

   The goal of the Insolvency Administration is the implementation of the state policy in the field of insolvency proceedings, the protection of the interests of employees in the event of the insolvency of their employers, and the implementation of measures for the protection of the state and public interests according to the current legislation.

   The Insolvency Administration is performing following functions:

• recommends administrators to the courts;

• monitors administrators’ activities during the debtor’s legal protection proceedings, insolvency proceedings of a legal person and insolvency proceedings of a natural person;

• holds and deals with the resources from the guarantee fund for employees’ claims according to the Law on the protection of employees in the event of the insolvency of their employer;

• settles the employees’ claims from the resources from the guarantee fund for employees’ claims as provided for by the Law on the protection of employees in the event of the insolvency of their employer;

• represents the interests of the state in insolvency proceedings;

• ensures covering of the costs of insolvency proceedings of a legal person from the deposit in the cases provided for by the Insolvency Law;

• performs other functions placed on the Administration according to the legislation and the management agreement.

   To implement the functions of the Insolvency Administration, the Agency:

• performs random selection of a certified administrator candidate for each particular insolvency proceedings and recommends him or her to the court;

• controls the legality of administrator’s activities during insolvency proceedings;

• examines complaints about the decisions taken and activities performed by the administrator;

• receives and examines the applications on the settlement of employees’ claims submitted by the administrators of insolvent employers;

• takes the decisions on the settlement of employees’ claims from the resources of the guarantee fund for employees’ claims;

• receives and examines the applications on covering the administration expenditure of insolvency proceedings submitted by the administrators of insolvent employers;

• takes the decisions on granting funds for covering the administration expenditure of insolvency proceedings ;

• exercises the right to file creditors’ claims against insolvent enterprises and companies within the limits of settled employees’ claims and covered administration expenditure of insolvency proceedings;

• creates and maintains the database of insolvency administrators, and ensures public access to the administrators’ data;

• compiles and submits proposals on improvements of the current legislation relating to insolvency proceedings;

• organizes development and dissemination of the methodology and informative materials relating to insolvency proceedings;

• ensures the protection of personal data and other information being at the disposal of the Agency;

• ensures the information exchange in the field of the Agency’s activities by means of cooperation with foreign and international institutions;

• takes the decisions on the payment of a deposit in insolvency proceedings of a legal person in the cases provided for by the Insolvency Law;

• performs other activities provided for by the legislation, which are deemed to be necessary to fulfil the tasks of the Insolvency Administration.

   Opening hours of the Insolvency Administration:

Monday 8.30 – 12.00 and 12.30 – 18.00

Tuesday 8.30 – 12.00 and 12.30 – 17.00

Wednesday 8.30 – 12.00 and 12.30 – 17.00

Thursday 8.30 – 12.00 and 12.30 – 17.00

Friday 8.30 – 12.00 and 12.30 – 16.00

   Consultation hours in the Insolvency Administration:

Monday from 14.00 to 18.00

Wednesday from 9.00 to 12.00.

   You are kindly asked to make an appointment with the director or the person in charge before coming (tel. 67099100).

   How to find us: Insolvency Administration Mārstaļu iela 19, Riga, LV-1050 Tel.: (+371) 67099100 Fax: (+371) 67099118 e-mail: mna@mna.gov.lv http://www.mna.gov.lv/

   Here you will find useful information on the settlement of employee’s claims and insolvency proceedings of a natural person (links to the translated booklet information)