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Articles, Insolvency, Restructuring and Bankruptcy

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 […]

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By : Oct 25, 2023 Comments Off on Opening the insolvency procedure by the debtor in Romania
Articles, Insolvency, Restructuring and Bankruptcy

How to initiate insolvency procedure against a debtor in Romania?

The insolvency procedure in Romania can be initiated as a result of a request filed to the Court by a debtor in Romania, one or more creditors in Romania, or by individuals or institutions expressly provided by law. According to the regulations of Law No. 85/2014, any creditor in Romania entitled to request the initiation […]

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By : Oct 13, 2023 Comments Off on How to initiate insolvency procedure against a debtor in Romania?
Articles, Insolvency, Restructuring and Bankruptcy

How can you assess the risks before opening the insolvency procedure for a company in Romania?

Romanian legislation provides for a number of principles applicable to companies at insolvency risk in Romania. Thus, by means of the insolvency procedure in Romania, debtors are provided with a chance to recover the business efficiently, through the debtor’s effective access to early warning means, through insolvency prevention procedures or through the judicial reorganization procedure. […]

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By : Jun 16, 2023 Comments Off on How can you assess the risks before opening the insolvency procedure for a company in Romania?
Articles, Insolvency, Restructuring and Bankruptcy

Why an insolvent company shall hire a lawyer?

According to Romanian Law no. 85/2014, insolvency is a process by which a company does not have the payment means to pay certain, liquid and exigible debts in Romania. This situation can be solved by involving all creditors in the process and by carrying out the  procedures provided by the law. Therefore, the company may […]

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By : Feb 10, 2023 Comments Off on Why an insolvent company shall hire a lawyer?
Articles, Insolvency, Restructuring and Bankruptcy

How do you choose a Romanian law firm if you want to open the insolvency procedure for the firm in Romania

Many Romanian companies have to open the insolvency procedure in Romania, given the fact that, amid the financial crisis and other difficulties, they fail to pay their debts to suppliers or customers in Romania. On the Romanian business market there are insolvency and reorganization lawyers, which can help companies overcome this situation in the best […]

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By : Jan 11, 2018 No Comment
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