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Analyses, practical guides and legislative news on insolvency procedures in Romania — written by the practitioners of the Insolvens firm.
An employer's insolvency does not automatically mean layoffs. What rights employees have, where unpaid wages rank, how the Guarantee Fund works, and what changes in reorganization versus bankruptcy.
Read the article →Who can file for insolvency as an individual, what conditions Law 151/2015 imposes, what happens to your home, and what life looks like during and after the procedure.
Read the article →From filing the petition to closing the case: how long each stage of insolvency takes in practice, which deadlines the law sets, and which factors can lengthen or shorten the procedure.
Read the article →Everything you need to know about the insolvency procedure in Romania: stages, deadlines, costs and access conditions under Law 85/2014.
Read the article →What are the fundamental differences between judicial reorganization and bankruptcy? When is each option preferable, and how is the right decision made?
Read the article →