REVISING THE LAW OF INSOLVENCY. BENEFIT OF BUDGET CREDITORS?
REVISING THE LAW OF INSOLVENCY. BENEFIT OF BUDGET CREDITORS?

Summary/Abstract: By revising Romanian Law 85/2014 on Insolvency and Insolvency Prevention Procedures, the legislator proposed an increase in the collection of claims due to both the central budget and local budgets, taking into account the fact that companies want to continue their activity on the economic market.This revision of the law has been long awaited, debated and analyzed at the level of the fiscal bodies (in their capacity as budgetary creditors), given that budgetary claims have always been disadvantaged and felt the need to introduce coercive measures for debtor companies and for insolvency practitioners, without departing from the purpose with which this procedure was created.Thus, in the light of these changes, it is still possible for the debtor companies to recover, but without having to bail out public creditors.

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