Theoretical and Practical Provocations of the New Romanian Personal Insolvency Proceedings
Theoretical and Practical Provocations of the New Romanian Personal Insolvency Proceedings
Author(s): Bogdan Radu
Subject(s): National Economy, Constitutional Law
Published by: Scientia Moralitas Research Institute
Keywords: consumer protection; debt; Insolvency;
Summary/Abstract: The legal framework that acknowledges personal insolvency in Romania has finally been adopted on 18 June 2015, after more than 25 years of hardships for the consumers, and only took effect, after many delays, on 1 January 2018. This paper aims to present what is meant to be a procedure that protects the consumers that contracted obligations and by no means of their fault are not able to cover their debts. Furthermore, of great importance is the analysis of the particularities of the Romanian procedure by comparing to similar procedures of other jurisdictions.
Book: Proceedings of the 15th International RAIS Conference on Social Sciences and Humanities
- Page Range: 200-207
- Page Count: 8
- Publication Year: 2019
- Language: English
- Content File-PDF