IDEAS home Printed from https://ideas.repec.org/a/agr/journl/v12(517)y2007i12(517)p43-48.html
   My bibliography  Save this article

The Closing of the Insolvency Procedure

Author

Listed:
  • Cornelia Lefter
  • Ana Maria Lupulescu

    (Academia de Studii Economice, Bucuresti)

Abstract

The achievment of the balance between the offer and the demand in a market economy makes that some merchants win and others lose. Losing in business is a normal risk, usually assumed by any merchant. But when the merchant record losses, the issue is of engaging his responsibility before all those that may be damaged due to his negative results. Faced to this reality, the commercial legislation, by way of the collective procedure, has tried to found the most adequate means to reduce up to the maximum the negative influences that the losses beared by a merchant may have on his creditors. According to this, from the new law of the collective procedure (Law no. 85/2006) there have been analized those cases of closing the procedure and their effects which raised already problems in practice and aroused interesting doctrinal controversies.

Suggested Citation

  • Cornelia Lefter & Ana Maria Lupulescu, 2007. "The Closing of the Insolvency Procedure," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania - AGER, vol. 12(12(517)), pages 43-48, December.
    • Handle: RePEc:agr:journl:v:12(517):y:2007:i:12(517):p:43-48
    as

    Download full text from publisher

    File URL: http://store.ectap.ro/articole/271.pdf
    Download Restriction: no
    File URL: http://www.ectap.ro/articol.php?id=271&rid=32
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. repec:jes:wpaper:y:2012:v:3:p:5-11 is not listed on IDEAS
    2. Elena Cristina Baciu, 2012. "General Considerations On The Dissolution And Liquidation Of Romanian Companies," CES Working Papers, Centre for European Studies, Alexandru Ioan Cuza University, vol. 4(1), pages 5-11, March.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:agr:journl:v:12(517):y:2007:i:12(517):p:43-48. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Marin Dinu (email available below). General contact details of provider: https://edirc.repec.org/data/agerrea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.