Aspects of the jurisprudence on the conditions and procedure of judicial reorganization Cover Image
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Aspecte jurisprudenłiale privind condiłiile declansării procedurii reorganizării judiciare
Aspects of the jurisprudence on the conditions and procedure of judicial reorganization

Author(s): Andreea Corina Tarsia
Subject(s): Law, Constitution, Jurisprudence
Published by: Universul Juridic
Keywords: judicial reorganization; insolvency; remediable insolvency

Summary/Abstract: Judicial reorganization of the merchant debtor is a procedure of insolvency forced or collective execution, designed to redress the trader found in financial difficulty, in order to settle through payment commercial debts due before the opening of the procedure and which become due during the course of the reorganization plan. It is a measure of credit protection, but also a means by which the debtor, aware of his lack of liquidity, places himself at law`s disposal, through the bankruptcy judge, trying to revive his business based on an adequate plan. In order to apply the provisions of Law No. 85/2006, the court invested with the request for initiation of proceedings has to determine the cumulative fulfillment of certain admissibility conditions.

  • Issue Year: 2010
  • Issue No: 01
  • Page Range: 162-171
  • Page Count: 10
  • Language: Romanian