SHORT HISTORY REGARDING THE OCCURRENCE OF INSOLVENCY
SHORT HISTORY REGARDING THE OCCURRENCE OF INSOLVENCY
Author(s): Alina Ştefania MogoşSubject(s): Civil Law
Published by: Österreichische Nationalbibliothek Wien/ Österreichisch-Rumänischer Akademischer Verein
Keywords: insolvency; bankruptcy; debtor; creditor; historic; claim; law;
Summary/Abstract: Over time, legislators of the world have created regulations to meet the needs of the moment and to protect creditors against debtors who could not cope due debts. Legal regulation of bankruptcy derived from Roman law, which were replaced performances on the whole person had patrimonial execution of the debtor. Initially, the insolvency procedure was conceived as a procedure for enforcement, recovery by force claim against the debtor. However, the insolvency procedure was not as ruthless as the common law procedure of enforcement of the Code of Civil Procedure.On the contrary, in time, this procedure has become prostheses on the debtor, so that, the insolvency procedure is no longer regarded as a private quarrel between the debtor and its creditors, but it is a case which concerns society at large.
Journal: Conferința Internațională Educație și Creativitate pentru o Societate Bazată pe Cunoaștere - DREPT
- Issue Year: IX/2015
- Issue No: IX
- Page Range: 216-220
- Page Count: 5
- Language: English