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Theoretical and Practical Provocations of the New Romanian Personal Insolvency Proceedings

Bogdan Radu ()
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Bogdan Radu: Dimitrie Cantemir Christian University of Bucharest, Faculty of Judicial and Administrative Sciences, Romania

No 025RB, Working papers from Research Association for Interdisciplinary Studies

Abstract: The legal framework that acknowledges personal insolvency in Romania has finally been adopted on 18 June 2015, after more than 25 years of hardships for the consumers, and only took effect, after many delays, on 1 January 2018. This paper aims to present what is meant to be a procedure that protects the consumers that contracted obligations and by no means of their fault are not able to cover their debts. Furthermore, of great importance is the analysis of the particularities of the Romanian procedure by comparing to similar procedures of other jurisdictions.

Keywords: consumer protection; debt; Insolvency (search for similar items in EconPapers)
Pages: 8 pages
Date: 2019-11
New Economics Papers: this item is included in nep-law
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Published in Proceedings of the 15th International RAIS Conference on Social Sciences and Humanities, November 6-7, 2019, pages 200-207

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