MANAGERS LIABILITY IN INSOLVENCY PROCEEDINGS
MANAGERS LIABILITY IN INSOLVENCY PROCEEDINGS

Summary/Abstract: More and more enterprises face with insolvency. In Romania, the law stipulates the managers’ liability in the case of insolvency, but most of managers are absolved about their responsibilities. It established the entitled and the term where the application can be forwarded and the conditions to be fulfilled for forwarding the patrimonial responsibility. Although the legislator in the succession of texts has first regulated closing the insolvency proceedings and forwarding the liability; such an application may only conducted during insolvency proceedings, and obviously, in legal deadline. The application is made in training patrimonial responsibility,following the closure of the procedure; it will be rejected as tardy. To be simulative, the responsibility of management members of the debtor, the legal person or any person that caused the insolvency state by committing one or more acts expressly provided and limited by law, it must fulfill cumulatively the conditions foreseen for civil liability

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