Normal Business Operations of a Debtor in a Bankruptcy Case: Some Aspects and the Meaning of Contractor`s Good Faith

Abstract

Legal scholars draw close attention to the issue of the content of the concept of ordinary business activity. It is still necessary to take into account not only the already systematized explanations of the higher courts on certain issues in every insolvency case, but also the dynamics of the judicial practice and certain aspects of the debtor’s activity in a bankruptcy case. The possibility of classifying a debtor-bankrupt transaction made during a period of suspicion and in arrears on transactions as ordinary business activity of a debtor is one of the topical issues analyzed in the article. The criteria of the understanding bankruptcy debtor`s deals made during a period of suspicion and in arrears on transactions as ordinary business activity were defined in following article, also the meaning of good faith principle was defined.