Insolvency law.Thirty years of practice.One specialisation.
A law firm specialised in insolvency proceedings, administration of estates in bankruptcy, and comprehensive legal counsel. JUDr. Jiřina Lužová holds a special insolvency administrator licence — one of the very few attorneys in the Czech Republic with this authorisation.
Why clients entrust us with their most demanding cases
Specialisation without compromise
Insolvency and bankruptcy law is not a side practice — it has been our main field since 1996. A depth of knowledge that general practice cannot match.
Special insolvency administrator licence
JUDr. Lužová is authorised to administer the estates of financial institutions and other entities for which the law requires a special licence — granted only after rigorous vetting by the Czech Ministry of Justice.
A team with a personal approach
You are not a file number. Every case is led by an experienced lawyer who handles it from the first day to the close of proceedings. We respond quickly and communicate clearly.
Section 03 — Services
What we can do for you
From initial consultation through representation in insolvency proceedings to the acquisition of full receivables portfolios.
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Insolvency proceedings & administration
We represent creditors and debtors at every stage of insolvency proceedings — from filing the petition through claim registration to distribution of the estate. JUDr. Lužová also serves as a special-licence insolvency administrator.
Representation of creditors and debtors
Registration and contestation of claims
Reorganisation and discharge
Administration of the estate
Incidental disputes
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Acquisition of receivables
Need to liquidate non-performing receivables or an entire portfolio quickly? We acquire individual claims and large bundles alike — quickly, discreetly, and on fair terms.
Single-claim acquisitions
Portfolio acquisitions
Valuation & enforceability review
Secured and unsecured claims
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Comprehensive legal counsel
Three decades of practice means we also handle matters beyond insolvency. We advise private and business clients in the following areas:
Commercial & corporate law
Civil law
Labour law
Family law
Administrative & criminal law
How we work together
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Consultation
Describe your situation — the first meeting is non-binding. Whether you are a debtor or a creditor, we assess whether and how we can help.
02
Analysis
We review the documentation and assess the full picture — claims, assets, and risks — and map out the realistic options for the way forward.
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Proposed solution
We present a tailored plan: for debtors, discharge or reorganisation (and where there is no other way, bankruptcy proceedings); for creditors, enforcement and defence of claims or their acquisition.
04
Representation
We take over your case and represent you at every step — from filing the petition or registering a claim through to the close of proceedings.
Let's arrange a consultation
An insolvency situation does not resolve itself. The sooner we begin, the more options remain. The first consultation is non-binding.
Thirty years.Hundreds of cases.Dozens of satisfied clients.
The law office of JUDr. Jiřina Lužová was established in 1994 and has, from the outset, focused on commercial law and insolvency. In 2009, with the new Insolvency Act entering into force, the firm was among the first to obtain the status of a special-licence insolvency administrator.
Over three decades, we have successfully concluded hundreds of insolvency proceedings — from individual cases to large corporate matters. Our clients include leading Czech corporations, entrepreneurs, and individuals who value the combination of expertise and a personal approach.
The firm is seated in the historic centre of Prague at Dušní 22, Prague 1, and is staffed by a team of more than ten specialised lawyers and expert advisers.
Selected clients
Praha 5 · banking
Sberbank CZ, a.s. v likvidaci
One of the largest insolvencies in Czech history. After the banking licence was revoked in 2022, the Prague Municipal Court appointed JUDr. Lužová as liquidator and subsequently as insolvency administrator; creditors expressed their full confidence in her. In proceedings involving more than 22,000 creditors, the loan portfolio with a nominal value exceeding CZK 47 billion was sold to Česká spořitelna.
The first bank liquidation in the firm's portfolio. In 2018, the Regional Court in Brno declared insolvency and opened bankruptcy proceedings; JUDr. Lužová was appointed insolvency administrator. Experience from this case led the Czech National Bank to subsequently engage her for the liquidation of Sberbank CZ.
In the most complex cases involving the collapse of financial institutions, both the Czech National Bank and the courts turn to us repeatedly — from the first bank liquidation, through one of the largest insolvencies in Czech history, to a decade-long case involving a savings cooperative.
Began practising law in 1994. Has focused on bankruptcy and insolvency law since 1996, and since 2009 as a special-licence administrator. Founder and managing partner of the firm with over thirty years of experience.
We accept proposals in writing. We are happy to send you the terms of a specific sale and the relevant file documentation. Requirements for submission can be found in the detail of each listing.
What is the difference between debt discharge and bankruptcy?+
Debt discharge (personal bankruptcy) is available to natural persons — it allows the debtor to repay a portion of their debts, with the remainder written off, provided they follow a repayment schedule or liquidate assets over 3–5 years. Bankruptcy (konkurs) is a liquidation procedure: all of the debtor's assets are monetised and the proceeds distributed among creditors. Bankruptcy applies primarily to legal entities or where the debtor does not qualify for discharge.
What does "special insolvency administrator licence" mean?+
Czech insolvency law divides administrators into two categories: general and special-licence. A special-licence administrator is authorised to administer the estates of banks, insurance companies, savings cooperatives, and other financial institutions — entities whose insolvency has wider economic consequences. The licence is granted only after rigorous vetting by the Czech Ministry of Justice. JUDr. Jiřina Lužová has held the special licence since 2009.
How does claim registration work?+
If your debtor has entered insolvency, you must register your claim in the proceedings within the deadline set by the court — typically two months from commencement. Registration is filed electronically via the insolvency register (ISIR). A correctly prepared and timely submission is a prerequisite for participating in the distribution of proceeds. Missing the deadline forfeits the claim. We are happy to assist you with the registration.
How much does legal representation cost?+
The fee depends on the scope and complexity of the matter. We offer both hourly rates and fixed fees for straightforward cases. The first consultation is always non-binding and free of charge.
How long does debt discharge take?+
The standard length of discharge proceedings is five years. If the debtor repays at least 60% of registered claims within three years, the court may grant early discharge. Once all conditions are fulfilled, the court writes off the remaining debts. The total duration depends on the debtor's income, the extent of their assets, and whether they meet every payment obligation on time. We are happy to give you a more precise estimate for your specific situation.
Can I keep working or running my business during proceedings?+
Yes. Employees may continue working without restriction — the portion of their salary above the statutory protected minimum is remitted to the insolvency administrator. Self-employed individuals may also continue trading, but must report income regularly and comply with all obligations imposed by the court. In both cases, taking on new liabilities without the administrator's consent is prohibited, and the debtor is required to maximise income for the benefit of creditors. If you are considering a change of employment or expanding your business, we recommend consulting us first.
Section 08 — Contact
Let's arrange a consultation
An insolvency situation does not resolve itself. The sooner we begin, the more options remain. The first consultation is non-binding.
