The rights of creditors and the purpose of insolvency proceedings in Romanian law
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.
When requesting a correction, please mention this item's handle: RePEc:dug:journl:y:2012:i:1:p:49-56. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Florian Nuta)
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.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with 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 profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.