THE PRINCIPLE OF MAXIMIZING THE DEBTOR’S ASSETS IN INSOLVENCY PROCEDURES
THE PRINCIPLE OF MAXIMIZING THE DEBTOR’S ASSETS IN INSOLVENCY PROCEDURES

Summary/Abstract: Law no.85/2014 regarding the procedures to prevent insolvency and insolvency has determined that the purpose of this special law is to establish a collective procedure to cover the debtor’s liabilities. To achieve this purpose the legislator has adopted express provisions. In order to apply these legal dispositions in the Insolvency Code, principles have been regulated to govern this special procedure. Thus, the first principle giving efficiency to the purpose of the insolvency procedure is the maximization of asset yield and the recovery rate of receivables.

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