ENTERPRISE INSOLVENCY: ECONOMIC AND LEGAL IMPLICATION

Nadejda Botnari, Angela Timus () and Veaceslav Botnari
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Nadejda Botnari: PhD, Associate Professor, MAES
Angela Timus: PhD, Associate Professor, NIER
Veaceslav Botnari: PhD Student, MSU

Economy and Sociology, 2014, issue 4, 16-25

Abstract: Due to the economic-financial crises registered in the last years, many enterprises faced both, insolvency and bankruptcy issues. Bankruptcy is a procedure applied to the debtor in order to dissolve his/her assets, to meet the claims of the lender, followed by the dissolution of the debtor, therefore, of the company.

Keywords: insolvency; receivables; lender; debtor; administrator; restructuring; simplified bankruptcy; secured receivables; unsecured receivables; bankruptcy. (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:aat:journl:y:2014:i:4:p:16-25

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