JUDICIAL REORGANIZATION – SOLUTION FOR CRISIS PERIODS
JUDICIAL REORGANIZATION – SOLUTION FOR CRISIS PERIODS

Summary/Abstract: Currently in the Romanian economic landscape the insolvency phenomenon began to be increasingly better known to the business community first through the impact on business partners from different areas of the industry, and then through the personal experience. For creditors supporting a reorganization plan with real prospects of recovery and covering claims proves to be advantageous especially in current market conditions.

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