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Theoretical and Practical Provocations of the New Romanian Personal Insolvency Proceedings

Author

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  • Bogdan Radu

    (Dimitrie Cantemir Christian University of Bucharest, Faculty of Judicial and Administrative Sciences, Romania)

Abstract

The legal framework that acknowledges personal insolvency in Romania has finally been adopted on 18 June 2015, after more than 25 years of hardships for the consumers, and only took effect, after many delays, on 1 January 2018. This paper aims to present what is meant to be a procedure that protects the consumers that contracted obligations and by no means of their fault are not able to cover their debts. Furthermore, of great importance is the analysis of the particularities of the Romanian procedure by comparing to similar procedures of other jurisdictions.

Suggested Citation

  • Bogdan Radu, 2019. "Theoretical and Practical Provocations of the New Romanian Personal Insolvency Proceedings," Proceedings of the 15th International RAIS Conference, November 6-7, 2019 025RB, Research Association for Interdisciplinary Studies.
    • Handle: RePEc:smo:ipaper:025rb
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    References listed on IDEAS

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    1. Lupu Dan, 2014. "The Impact Of Abusive Clauses Litigations On Profitability Of Romanian Banks," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 5, pages 81-87, October.
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    Cited by:

    1. Daniela Ciochina, 2020. "Procedures for Preventing the Insolvency of Professionals," Proceedings of the 17th International RAIS Conference, June 1-2, 2020 027cd, Research Association for Interdisciplinary Studies.

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    More about this item

    Keywords

    consumer protection; debt; Insolvency;
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