Principle for Effective Insolvence

Insolvency proceedings are complex because they combine 3 components: economic, judicial and social. Consequently, the conduct of these proceedings requires the participation of implementing authorities with a view to achieving the aim laid down by the law, i.e. to cover the debtor's liabilitie...

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Main Author: Anca Roxana Bularca
Format: Article
Language:English
Published: Transilvania University of Brasov Publishing House 2024-12-01
Series:Bulletin of the Transilvania University of Braşov: Series VII: Social Sciences, Law
Subjects:
Online Access:https://webbut.unitbv.ro/index.php/Series_VII/article/view/8842/6217
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author Anca Roxana Bularca
author_facet Anca Roxana Bularca
author_sort Anca Roxana Bularca
collection DOAJ
description Insolvency proceedings are complex because they combine 3 components: economic, judicial and social. Consequently, the conduct of these proceedings requires the participation of implementing authorities with a view to achieving the aim laid down by the law, i.e. to cover the debtor's liabilities and to satisfy the creditors as far as possible. Consistency, professionalism and professional ethics of the authorities enforcing this proceeding, together with the good faith of the debtor and the creditors, ensure the principle for effective insolvency.
format Article
id doaj-art-56db4532c94e470296ec9c4061af77ed
institution OA Journals
issn 2066-7701
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language English
publishDate 2024-12-01
publisher Transilvania University of Brasov Publishing House
record_format Article
series Bulletin of the Transilvania University of Braşov: Series VII: Social Sciences, Law
spelling doaj-art-56db4532c94e470296ec9c4061af77ed2025-08-20T01:47:28ZengTransilvania University of Brasov Publishing HouseBulletin of the Transilvania University of Braşov: Series VII: Social Sciences, Law2066-77012971-94102024-12-0117(66)Special Issue151160https://doi.org/10.31926/but.ssl.2024.17.66.3.17Principle for Effective InsolvenceAnca Roxana Bularca0Transilvania University of Brasov, RomaniaInsolvency proceedings are complex because they combine 3 components: economic, judicial and social. Consequently, the conduct of these proceedings requires the participation of implementing authorities with a view to achieving the aim laid down by the law, i.e. to cover the debtor's liabilities and to satisfy the creditors as far as possible. Consistency, professionalism and professional ethics of the authorities enforcing this proceeding, together with the good faith of the debtor and the creditors, ensure the principle for effective insolvency.https://webbut.unitbv.ro/index.php/Series_VII/article/view/8842/6217proceedinginsolvencyenforcementsupervisionduties
spellingShingle Anca Roxana Bularca
Principle for Effective Insolvence
Bulletin of the Transilvania University of Braşov: Series VII: Social Sciences, Law
proceeding
insolvency
enforcement
supervision
duties
title Principle for Effective Insolvence
title_full Principle for Effective Insolvence
title_fullStr Principle for Effective Insolvence
title_full_unstemmed Principle for Effective Insolvence
title_short Principle for Effective Insolvence
title_sort principle for effective insolvence
topic proceeding
insolvency
enforcement
supervision
duties
url https://webbut.unitbv.ro/index.php/Series_VII/article/view/8842/6217
work_keys_str_mv AT ancaroxanabularca principleforeffectiveinsolvence