Industry 4.0
Vol. 11 (2026), Issue 2, pg(s) 93-95

SOCIETY & ”INDUSTRY 4.0”

Integrating ai into insolvency procedures, challenges and opportunities in Albania

  • 1 "Faculty of Social Sciences" Albanian University of Tirana; Faculty of Law and Human Sciences Mediterranenan University of Tirana

Abstract

Bankruptcy procedures are complex and often slow, requiring extensive documentation, strict deadlines, multiple creditors, significant human resources, and numerous judicial decisions In Albania, these procedures remain predominantly manual; therefore, the use of Artificial Intelligence opens new opportunities to enhance efficiency and transparency in these procedures. The main benefits include reducing the duration and improving the effectiveness of actions, increasing the accuracy and reliability of the process, and generating useful statistics for the formulation of public policies. Nevertheless, challenges remain related to the adoption of an appropriate legal framework, the protection of sensitive data, the transparency of algorithms, and the determination of legal responsibility. AI has the potential to transform bankruptcy procedures in Albania, but it requires a cautious approach that balances technological innovation with the protection of the legal rights of the parties involved. In this regard, harmonization of legislation with European Union standards and its proper implementation represent the most critical issues in this domain.

Keywords

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