Tag: insolvency creditors

Procedure for filing bankruptcy in Romania

Any company in Romania is established to carry out economic activity in Romania, but when it fails to meet its commercial commitments, certain legal procedures may intervene aimed at the recovery of economic activity in Romania or the immediate liquidation of the company in Romania, when it is confirmed that there is no chance of […]

Opening the insolvency procedure by the debtor in Romania

The insolvency procedure in Romania and the procedure for filing bankruptcy in Romania can be initiated following a request filed to the Court by a debtor in Romania, one or more insolvency creditors, or by individuals or institutions expressly provided for by law. According to the regulations in Law no. 85/2014, a debtor in a […]