Salary Debts in the Case of Initiating the Insolvency Procedure Cover Image

Creanţele salariale în situaţia deschiderii procedurii insolvenţei
Salary Debts in the Case of Initiating the Insolvency Procedure

Author(s): Andreea Miclea, Cezar Paraschiv
Subject(s): Commercial Law
Published by: Editura Hamangiu S.R.L.
Keywords: insolvency; debt; employer’s insolvency; salary debt; rights in case of employer’s insolvency; payment of salary rights;

Summary/Abstract: A company’s insolvency situation has a negative impact on the work relationships established between the company and their employees, the latter being obviously affected by the company’s impossibility of meeting their financial obligations. As a result, for the protection of the employees, under the insolvency procedure, derogatory legal regulations have been established in favour of this category of debtors. These special regulations regard both the method of debt registration with the creditors’ group, and the exemption from the request to pay the stamp duty, along with the procedure of sharing the debtor’s assets and the priority of salary debts or the incorporation of a guarantee fund for payment of salary debts for this category of debts.

  • Issue Year: IV/2016
  • Issue No: IV
  • Page Range: 35-44
  • Page Count: 10
  • Language: Romanian