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Legal Aspects Regarding The Insolvency Of Administrative Units

Author

Listed:
  • Dan LUPU

    (Alexandru Ioan Cuza University of Iasi, Faculty of Economics and Business Administration, dan.lupu@uaic.ro, Iasi, Romania,)

Abstract

The insolvency of municipalities can be a real solution to their debt problem. The procedure is similar to that applied to commercial companies, but there are important differences, such as for example that public entities cannot go bankrupt. Legal regulations must take into account the specific situation of these institutions, which cannot be dissolved.

Suggested Citation

  • Dan LUPU, 2013. "Legal Aspects Regarding The Insolvency Of Administrative Units," Journal of Public Administration, Finance and Law, Alexandru Ioan Cuza University, Faculty of Economics and Business Administration, vol. 3(3), pages 125-131, June.
    • Handle: RePEc:aic:jopafl:y:2013:v:3:p:125-131
    as

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    References listed on IDEAS

    as
    1. John Ashworth & Benny Geys & Bruno Heyndels, 2005. "Government Weakness and Local Public Debt Development in Flemish Municipalities," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 12(4), pages 395-422, August.
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