How satisfied employees in insolvency of the employer?

Settlement of claims of employees in case of bankruptcy of the employer can be done as under Art. 722 of the Commercial Code and under ZGVRS. The right guaranteed receivables is subjective substantive law arising in the implementation (in cumulative presence) of these legal facts: a) accrued and unpaid salaries owed on individual and collective agreements and / or cash benefits payable by the employer under a statutory instrument; b) entered into force and entered in the commercial register a judgment which has opened insolvency of the employer. Subjects of this right are employees whose employment is terminated on the date of entry in the commercial register of the court decision for opening of insolvency proceedings, as well as those whose service is terminated in the last three months before that date. Meanwhile, in legal theory guaranteed claims are defined as accrued and unpaid wages owed to individual and collective contracts and cash benefits paid by the employer under legislation.