Bankruptcy proceedings may also be closed by a decision of a court to terminate proceedings where the assets of the bankrupt estate are insufficient to cover the costs of the bankruptcy proceeding or where the proceeding is otherwise inappropriate. Bankruptcy proceedings cannot, however, be terminated, where the bankruptcy proceeding is conducted as a publicly- administered winding-up. A court may, acting on a proposal by the bankruptcy lawyer, rule that a bankruptcy proceeding is to be conducted as a publicly-administered winding-up. Reasons for a publicly-administered winding-up may be related to the debtor or the paucity of estate assets. The costs of the publicly-administered winding-up are paid from State funds insofar as the assets of the bankrupt estate are insufficient to meet them.

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Note added at 13 mins (2007-08-02 09:45:08 GMT)
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Ξέχασα το σύνδεσμο: http://ec.europa.eu/civiljustice/bankruptcy/bankruptcy_fin_e...