Preventive Restructuring and Insolvency Directive

Proposal for a DIRECTIVE OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL on preventive restructuring frameworks, second chance and measures to increase the efficiency of restructuring, insolvency and discharge procedures and amending Directive 2012/30/EU

Stage: In force
In force: In force since 16 Jul 2019 · CELEX 32019L1023
Transposition deadline: 17 Jul 2024
Procedure: Directive
Last activity: 20 Jun 2019

1 act

Delegated and implementing acts beneath it

By status: 1 planned.

Act	Kind	Status	Adoption
Creation of Standard Communication Form pursuant to Directive (EU) 2019/1023	Implementing · Regulation	Planned	Q4 2026

Titles link to EUR-Lex where the act has been published.

Summary

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The directive harmonizes preventive restructuring frameworks across EU member states, enabling viable businesses to restructure before insolvency and requiring full debt discharge for honest bankrupt entrepreneurs within three years. It affects insolvency practitioners, creditors, distressed companies, and entrepreneurs.

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Sources: EUR-Lex. Record as of 14 Sept 2026. Something wrong on this page? Report an error.

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