INSOLVENŢA PERSOANELOR FIZICE PRIN PRISMA REGLEMENTĂRILOR CUPRINSE ÎN LEGEA NR. 151/2015: SCOPUL LEGII, PRINCIPIILE, DOMENIUL DE APLICARE, FORMELE PROCEDURII ŞI INIŢIEREA PROCEDURII
THE INSOLVENCY OF NATURAL PERSONS THROUGH THE PROVISIONS OF LAW NO. 151/2015: THE PURPOSE OF THE LAW, THE PRINCIPLES, THE FIELD OF APPLICATION, THE FORMS OF THE PROCEDURE AND THE INITIATION OF THE PROCEDURE

SOME ISSUES REGARDING THE MINUSES AND BENEFITS OF THE LAW

Summary/Abstract: Long awaited, the Law of natural persons insolvency no. 151/2015 is a social protection law, addressed to bona fide natural persons, to consumers, giving them the chance to benefit from a debt reduction or rescheduling and, in some situations, even a debt discharge. The entry into force of the law on January 1, 2018 would lead to a reasonable assumption that the infrastructure involved in the adoption of the law was created and that the law can be applied, since the debtors are ultimately the beneficiaries of a procedure used in the vast majority of European Union countries. Unfortunately, even if the law came into force, it is inapplicable, given that the List of procedure administrators and liquidators for natural persons insolvency procedure has not been published and that at this moment there is still no working logistics.

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