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Insolvency Law
Insolvency law is the area of law which covers everything related to the insolvency either of a physical person or an entity.  Now days, many personalities who are struggling economically may find themselves in the unfortunate position to become insolvent.  On the other hand many people may initiate proceedings to insolvent a personality in an attempt to execute a Court’s decision on a debt owed to them.

In Cyprus there is a specific legislation which regulates insolvency.  This is the Insolvency Law, Cap. 5.  Amongst other things it regulates the proceedings to constitute a person or a legal personality insolvent, the administration of the property of an insolvent person and many others.