Over the past three years and one quarter, 594 companies registered in Estonia have incurred losses amounting to nearly 200 million euros due to bankruptcy proceedings. According to the Credit Enforcement Bureau (MJT), the current system is perceived as overly favorable to debtors and may facilitate fraudulent activities. The service recommends several measures to address these issues, including restricting the creation of companies with zero capital, increasing the required deposit amount, and tightening accountability for company directors. Recent data from the Credit Enforcement Bureau highlights a concerning trend. From the beginning of 2023 through the end of the first quarter of 2026, a total of 594 companies that declared insolvency have resulted in losses estimated at approximately 200 million euros for creditors. Furthermore, the issue is compounded by the existing Estonian legislation, which the Bureau suggests is excessively debtor-friendly. The findings indicate a significant financial exposure within the business sector. The MJT assessment suggests that the current framework does not adequately protect creditors and may inadvertently encourage fraudulent practices. To mitigate these risks, the service advocates for legislative adjustments. These proposed changes include imposing stricter requirements on initial company capitalization, raising the necessary liquid capital reserves, and enhancing the accountability mechanisms for corporate management. Topics: #kolme #mjt #miljonit Post navigation MEELIS OIDSALU⟩Balti süvalöögistrateegia väärib selgemat poliitilist mandaati Eelmisel rallil suure käki kokku keeranud Neuville: tahame, et meie üle saaks taas uhkust tunda(1)