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Personal Bankruptcy Regulations in Central and Eastern Europe

Author

Listed:
  • Roxana Hetes-Gavra

    (West University of Timisoara Faculty of Economics and Business Administration)

  • Alexandru Avram

    (West University of Timisoara Faculty of Economics and Business Administration)

  • Costin Daniel Avram

    (University of Craiova Faculty of Economics and Business Administration)

Abstract

Countries from Central and Eastern Europe are in different stages of development and implementation of personal bankruptcy legislation. Austria has regulations comparable to those in Western Europe, while the Czech Republic and Poland have recently developed regulations regarding the bankruptcy of individuals. The solutions identified in countries that have followed a similar path, namely the abandonment of a c entrally planned economy and transition to a functioning market economy, which consequently led to the problem of individual bankruptcy, can also be applied selectively in Romania in the next period.

Suggested Citation

  • Roxana Hetes-Gavra & Alexandru Avram & Costin Daniel Avram, 2016. "Personal Bankruptcy Regulations in Central and Eastern Europe," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 538-543, July.
    • Handle: RePEc:ovi:oviste:v:xvi:y:2016:i:1:p:538-543
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    File URL: http://stec.univ-ovidius.ro/html/anale/RO/wp-content/uploads/2015/03/ANALE-vol-16_issue_1_site.pdf
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    More about this item

    Keywords

    personal bankruptcy; judicial procedure; amicable settlement; recovery plan;
    All these keywords.

    JEL classification:

    • K35 - Law and Economics - - Other Substantive Areas of Law - - - Personal Bankruptcy Law
    • G33 - Financial Economics - - Corporate Finance and Governance - - - Bankruptcy; Liquidation

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