Insolvency - Solution for the Activity Continuation of the Companies Seriously Affected by the Crisis
Journal Title: RECENT - Year 2010, Vol 11, Issue 30
Abstract
The economic crisis began to render itself visible in the number of companies having entered under the incidence of the law concerning insolvency. The financial blockage and the impossibility of paying one’s obligations to the partners and also to the State budget led many companies towards bankruptcy. Does the explanation come only from the worsening of the economic conditions? They have determined many company owners to decide winding up their affairs, after having no longer been able to pay their debts. In the case of a company that has debts to recover, what is recommended: to start the approaches of enforcement or to open the insolvency procedure against the debtor? Substantiating the decision to enter juridical reorganization and its consequences make the content of the article herein.
Authors and Affiliations
Cătălin GHEORGHE
Keywords
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