The rights of creditors and the purpose of insolvency proceedings in Romanian law

Luminita Tuleaşcă

EuroEconomica, 2012, issue 1(31), 49-56

Abstract: The insolvency approach and the protection of the creditors’ rights are regulated in all the national laws and the general policies promoted in this matter are in accordance with the international trends. In all the cases, the insolvency is “treated” by means of a special procedure, the main differences consisting in the purpose targeted by this procedure, by the means used for reaching the purpose and by the main features of the procedure. Undoubtedly, the rights of the creditors are protected and achieved as far as the insolvency law contains objectives suitable to their interests. By this paper we intend to determine whether the purpose of the insolvency procedure is only the one of accomplishing the rights of the creditors of the „bankrupted” entrepreneur, by the collective and equalitarian payment of the same, or, if the case, of a secondary and implicit purpose of the insolvency procedure: financial recovery of the debtor’s activity.

Keywords: bankruptcy; debts payment; financial recovery (search for similar items in EconPapers)
Date: 2012
References: View complete reference list from CitEc
Citations:

Downloads: (external link)
http://journals.univ-danubius.ro/index.php/euroeconomica/article/view/1217/1069 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:dug:journl:y:2012:i:1:p:49-56

Access Statistics for this article

More articles in EuroEconomica from Danubius University of Galati Contact information at EDIRC.
Bibliographic data for series maintained by Florian Nuta ().