Best Restructuring & Insolvency Lawyers in Focşani
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List of the best lawyers in Focşani, Romania
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Romania Restructuring & Insolvency Legal Questions answered by Lawyers
Browse our 2 legal questions about Restructuring & Insolvency in Romania and read the lawyer answers, or ask your own questions for free.
- In Romania, can my supplier file insolvency over an unpaid invoice if I dispute the goods quality?
- A supplier threatens to start insolvency proceedings unless I pay within 7 days, but I have written complaints and photos showing defects. I want to know if a contested debt can still be used to open insolvency and what steps I should take now.
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Lawyer answer by Buju Stanciu & Asociatii
A supplier can threaten insolvency, but a genuinely disputed contractual debt should not normally be used to open insolvency proceedings in Romania. Under Law No. 85/2014, the creditor must hold a claim that is certain, liquid and due, overdue for...
Read full answer - What options does Romanian law provide for restructuring a financially distressed company and avoiding liquidation?
- I run a small Romanian company facing ongoing losses and rising supplier debts. I'm considering formal restructuring or insolvency procedures under Romanian law, but I'm unsure which option fits best, how long the process takes, and what the consequences are for employees and existing contracts. Should I hire a restructuring... Read more →
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Lawyer answer by Gorici Legal
Based on Romanian Insolvency Law (Law 85/2014), the right path usually depends on how close the company is to insolvency and how willing creditors are to accept restructuring conditions. If an agreement with creditors is unlikely, a formal insolvency procedure...
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