Personal Bankruptcy Regulations in Central and Eastern Europe

Roxana Hetes-Gavra (), Alexandru Avram () and Costin Daniel Avram ()
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Roxana Hetes-Gavra: West University of Timisoara Faculty of Economics and Business Administration
Alexandru Avram: West University of Timisoara Faculty of Economics and Business Administration
Costin Daniel Avram: University of Craiova Faculty of Economics and Business Administration

Ovidius University Annals, Economic Sciences Series, 2016, vol. XVI, issue 1, 538-543

Abstract: Countries from Central and Eastern Europe are in different stages of development and implementation of personal bankruptcy legislation. Austria has regulations comparable to those in Western Europe, while the Czech Republic and Poland have recently developed regulations regarding the bankruptcy of individuals. The solutions identified in countries that have followed a similar path, namely the abandonment of a c entrally planned economy and transition to a functioning market economy, which consequently led to the problem of individual bankruptcy, can also be applied selectively in Romania in the next period.

Keywords: personal bankruptcy; judicial procedure; amicable settlement; recovery plan (search for similar items in EconPapers)
JEL-codes: G33 K35 (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:xvi:y:2016:i:1:p:538-543

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