Science. Business. Society.
Vol. 11 (2026), Issue 1, pg(s) 36-38

SOCIETY

Artificial intelligence in debtor-initiated bankruptcy proceedings

  • 1 Faculty of Social Science – Albanian University, Albania; Faculty of Law and Human Science - Mediterraneum University of Albania, Albania

Abstract

This paper examines the legal framework governing bankruptcy proceedings under Albanian legislation, focusing on the debtor’s status and procedural rights in initiating insolvency procedures. It distinguishes between current insolvency, where financial incapacity is evident, and prospective insolvency, where the debtor’s inability to meet obligations is reasonably foreseeable. The study analyzes the debtor’s petition for the commencement of bankruptcy proceedings, supported by the submission of financial documentation required to substantiate insolvency claims. Particular attention is given to the debtor’s request for reorganization and the submission of a reorganization plan as a mechanism for preserving economic value and improving creditor recovery through structured financial rehabilitation. In addition, the paper explores the integration of Artificial Intelligence (AI) as a decision-support tool in assessing insolvency risk and evaluating the feasibility of reorganization plans through predictive financial analysis. The findings highlight the role of bankruptcy law in ensuring legal certainty while promoting efficient and sustainable corporate restructuring processes.

Keywords

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