THE SIGNIFICANCE OF JUDICIAL REORGANIZATION PLAN FOR THE ECONOMIC ORGANIZATIONS Cover Image

SEMNIFICAȚIA PLANULUI DE REORGANIZARE JUDICIARĂ PENTRU ORGANIZAȚIILE ECONOMICE
THE SIGNIFICANCE OF JUDICIAL REORGANIZATION PLAN FOR THE ECONOMIC ORGANIZATIONS

Author(s): Ioana Tania Stoean
Subject(s): Economy, Law, Constitution, Jurisprudence, Business Economy / Management, Law on Economics
Published by: Universitatea Crestina "Dimitrie Cantemir"
Keywords: economic-financial crisis; economic recovery; judicial reorganization; reorganization plan; statement of affairs;

Summary/Abstract: The strong global economic crisis emerged at the end of 2007 marked a turning point in the economic life of many organizations. Romania was not avoided by this chronic virus which seriously impacted in all the activity fields. The most damaged by the economic crisis were population and organizations’ finances and thus this crisis was named by the experts in the macroeconomic field as economic-financial crisis.Although, for this disaster phenomenon the great economic power and emergent economies had to find means of amelioration for the created situation. For the small businesses to the transnational companies there were necessary to identify some levers to release the deadlock. Some of the levers was to approach the insolvency procedure as the single means to solve, for the time being, the economic-financial deadlock. The reorganization plan, as intermediary period between the observance period and detachment from insolvency or bankruptcy entry was saving idea for most of economic actors.

  • Issue Year: V/2014
  • Issue No: 20
  • Page Range: 50-56
  • Page Count: 7
  • Language: Romanian