LEGAL ASPECTS REGARDING THE INSOLVENCY OF ADMINISTRATIVE UNITS

Dan Lupu ()
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Dan Lupu: Alexandru Ioan Cuza University of Iasi, Faculty of Economics and Business Administration, dan.lupu@uaic.ro, Iasi, Romania,

Journal of Public Administration, Finance and Law, 2013, vol. 3, issue 3, 125-131

Abstract: The insolvency of municipalities can be a real solution to their debt problem. The procedure is similar to that applied to commercial companies, but there are important differences, such as for example that public entities cannot go bankrupt. Legal regulations must take into account the specific situation of these institutions, which cannot be dissolved.

Keywords: insolvency; arrears; local debt; municipality (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:aic:jopafl:y:2013:v:3:p:125-131

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