EVALUATION THE ASSETS OF THE DEBTOR IN THE INSOLVENCY PROCEDURE

Nicoleta Tandareanu ()
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Nicoleta Tandareanu: Trainer at the National Institute of Magistracy; Former Judge at the High Court of Cassation and Justice, Romania

Perspectives of Law and Public Administration, 2019, vol. 8, issue 2, 314-322

Abstract: The present paperwork aims to approach some aspects related to the procedure of appointing the assessors and evaluating the assets of the debtor who is in insolvency, at the different stages of the procedure. The assessor in the insolvency proceedings is an independent assessor and must be definitive and compatible insolvency practitioner, on the list of the National Union of Insolvency Practitioners in Romania, with the right to carry out expertise in the insolvency proceedings and a member of the National Association of Romanian Assessors. The assessor must take into account the type of specific value in relation to the pursued purpose. Therefore, the valuation of the assets brought as guarantees, in order to prepare the definitive table of the debtor's claims, will have to take into account the market value, while the evaluation of goods for sale in order to obtain liquidity to cover the expenses for the procedure, including for the conservation of the wealth of the debtor, or in order to liquidate the bankruptcy liability, will have to consider their liquidation value.

Keywords: evaluation assets; debtor in the insolvency procedure; assessor; liquidation value; market value. (search for similar items in EconPapers)
JEL-codes: K22 (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:sja:journl:v:8:y:2019:i:2:p:314-322

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