IDEAS home Printed from https://ideas.repec.org/p/smo/kpaper/0020np.html
   My bibliography  Save this paper

Comments on the Outstanding Debt, Liquid Debt and Due Claim in Romania

Author

Listed:
  • Nicolae Popa

    (Institute of Development, Education and Academic Excellence, Romania,)

  • Adriana Tulus

    (Titu Maiorescu University, Bucharest, Romania,)

Abstract

On foreclosure, Romanian legislation lays down a number of requirements for its achievement. In this respect, the Code of Civil procedure stipulates the conditions that should be met by claims for their enforcement. In practice, foreclosure is performed in order to cancel the main claim and its accessories, like interests, penalties, other amounts granted according to the law, by an instrument permitting enforcement, and also enforcement expenses. In this paper, we intend to present issues related to the outstanding debt, liquid debt and due claim, as stipulated in article 663 under the Romanian Code of Civil Procedure, together with opinions and comments of the professional doctrine on the article mentioned above. Also, we brought up the legislative changes made on this body of law and we gave examples of matters in the national case law to describe various possible situations that could occur, in order to underline the special attention that must be given to the regulations on debt instruments, as it is a highly important and topical matter in Romania.

Suggested Citation

  • Nicolae Popa & Adriana Tulus, 2020. "Comments on the Outstanding Debt, Liquid Debt and Due Claim in Romania," Proceedings of the 16th International RAIS Conference, March 30-31, 2020 0020np, Research Association for Interdisciplinary Studies.
    • Handle: RePEc:smo:kpaper:0020np
    as

    Download full text from publisher

    File URL: http://rais.education/wp-content/uploads/2019/11/0020NP.pdf
    File Function: Full text
    Download Restriction: no
    ---><---

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:smo:kpaper:0020np. See general information about how to correct material in RePEc.

    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.

    We have no bibliographic references for this item. You can help adding them by using 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 RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Eduard David (email available below). General contact details of provider: http://rais.education/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.