Published: 08.05.2026.

The purpose of insolvency is to promote the restoration of the solvency of the debtor (including natural persons as debtors) and the protection of the interests of creditors in the event of the debtor's limited solvency or insolvency by comparing the interests of persons in financial difficulty with those of creditors.

The purpose of establishing an insolvency register is to ensure the public disclosure of the insolvency case.

All insolvency records shall be made publicly available in Insolvency Register.

The information specified in the relevant regulatory enactments regarding the course of insolvency proceedings administrator, insolvency subject, legal protection proceedings, out-of-court legal protection proceedings, insolvency proceedings of a legal person and insolvency proceedings of a natural person shall be entered in the insolvency Register.

Given that the duration of insolvency proceedings may be several years, as well as the fact that insolvency proceedings are governed by different laws and regulations over a relatively short period of time, the applicable rules depend on when insolvency proceedings are opened, until 31 December 2007, from 1 January 2008 to 31 October 2010 or from 1 November 2010. The norm of the Law on insolvency of undertakings and companies shall be applied in insolvency proceedings commenced until 31 December 2007. In legal protection proceedings and insolvency proceedings, which have been commenced in the period from 1 January 2008 to 31 October 2010, the norms of the insolvency Law in force in the abovementioned period and the laws and regulations issued on the basis thereof shall be applied. However, in proceedings initiated after 1 November 2010, the insolvency Law currently in force shall be applied.

Entries regarding insolvency proceedings commenced in accordance with the Law on insolvency of enterprises and companies until 31 December 2007 shall not be found in the insolvency Register.

The insolvency register is open to all and its records have public credibility.

The insolvency register shall consist of the following sections:

  • “Administrators”, where information on administrators entered in the insolvency register is available: given name, address and other contact details of the place of practice, number of the certificate, date of issue and period of validity.
  • “Search”, in which it is possible to search for information from the insolvency register regarding a particular entity (merchant, undertaking, association, natural person, etc.). In the “Statement” menu, you can view all the entries made about the particular process in the insolvency register.
  • “Journal” in which you can view the entries made on a specific date in chronological order by using a calendar. At the same time, in the “certificate” menu, you can see all the entries in the insolvency register about the proceedings with a particular entity. . In the “Journal” section, under “monthly Journal”, you can see the entries made within that month in chronological order.

The documents specified in Section 9, Paragraph four of the Law on the Enterprise Register of the Republic of Latvia shall also be available in the Sections “Search” and “Journal” when examining a statement regarding the specific debtor: agenda of the creditors meeting and notification by the administrator to creditors of the creditors meeting. If an administrator has submitted any of the referred to documents in the form of an electronic document (signed with a secure electronic signature), the anonymised version of the document (without the data of the secure electronic signature) shall be inserted here.

For information: Given that entries in the public insolvency register are viewable to any person without authorisation (without ensuring recognition of the user), the personal identity number of the debtor - natural person, as well as the administrator - is not reflected in the public entries in the insolvency register. In order to receive a statement of the Enterprise Register or other type of document, which includes the personal identity number of the debtor – natural person, as well as administrator – a request for information shall be submitted to the Enterprise Register.

The submission of documents in insolvency proceedings is governed by the Latvian Insolvency Law, which sets out the rights, obligations and reporting requirements of insolvency administrators, supervising persons, liquidators and debtors.

  • Documents to Be Submitted by Insolvency Administrators

Insolvency administrators must submit applications and documents related to the registration and progress of insolvency proceedings. These documents ensure lawful conduct of the proceedings and transparency of the administrator’s actions.
The application form shall be signed by the insolvency administrator:

  • Documents to Be Submitted by Supervising Persons

Supervising persons involved in legal protection proceedings must submit documents related to the supervision and implementation of the approved legal protection plan. These documents enable monitoring compliance with the plan and assessing the debtor’s financial situation.

  • Documents to Be Submitted by Liquidators

Liquidators must submit documents concerning the liquidation process, including information on asset realisation, settlement of creditors’ claims, and completion of liquidation. These documents ensure the lawful winding‑up of a legal entity and protection of creditors’ interests.

  • Documents to Be Submitted by Debtors – Natural Persons

Natural persons involved in insolvency proceedings must submit documents related to their financial situation, debt repayment plans, and compliance with the insolvency process. These documents are necessary to assess the debtor’s obligations and the progress of the proceedings.