Tag: creditor in Romania
What conditions need to be met in order to start enforcement proceedings in Romania? The enforcement procedures in Romania is regulated by the Romanian civil procedure code, being a complex process through which a creditor in Romania can pursue a debtor in Romania to recover a certain, liquid, and due claim in Romania. The legislator […]
Debt recovery lawyer in Romania. Debt collection process in Romania The Romanian legislator has provided that a creditor in Romania has several options for debt recovery in Romania, ensuring the protection of the right of claim in Romania. Generally, it is preferable for a debt to be recovered amicably through mediation in Romania, as this […]
Opening of insolvency proceedings in Romania. Why is the statement of claim important? As provided for in the Romanian Law no. 85/2014 on insolvency prevention and insolvency procedures, insolvency in Romania means that state of the debtor’s patrimony which is characterized by the insufficiency of the available funds for the payment of certain, liquid and […]
