THE EFFECTS OF THE OPENING OF INSOLVENCY PROCEEDINGS
THE EFFECTS OF THE OPENING OF INSOLVENCY PROCEEDINGS
Author(s): Dragos DaghieSubject(s): Law, Constitution, Jurisprudence, Civil Law, Commercial Law
Published by: C.H. Beck Publishing House - Romania
Keywords: debtor; insolvency; opening proceeding; effects;
Summary/Abstract: The insolvency procedure, as regulated by Law no. 85/2014, produces major changes in the life of traders, changes determined by the takeover of business administration by the insolvency practitioner or by creating a procedure for supervising the activity in case the debtor enters the observation period. Once the conditions for opening the procedure are met and if the court has ordered the admission of the application, the debtor changes his legal clothes by going through a period of analysis of the activity to be carried out in the previous period, an analysis that will be found in the reports. they are filed by the insolvency practitioner and on which the future of the debtor depends.
Journal: Istorie, Cultura, Cetatenie in Uniunea Europeana
- Issue Year: 14/2022
- Issue No: 1
- Page Range: 444-449
- Page Count: 6
- Language: English