BRIEF CONSIDERATIONS ON THE FINANCIAL CRISIS AND INSOLVENCY OF THE ADMINISTRATIVE-TERRITORIAL UNITS IN THE VIEW OF THE NEW REGULATIONS

Authors

  • Elise-Nicoleta Ví¢lcu University of PiteÅŸti, PiteÅŸti, Romania
  • Ionel Didea University of PiteÅŸti, PiteÅŸti, Romania
  • George Popa “Ovidius” University, Constanţa

DOI:

https://doi.org/10.15837/aijjs.v7i4.816

Keywords:

financial crisis, insolvency, financial recovery plan, main credit release authority, bankruptcy judge, National Register for the Insolvency Cases of the administrative-territorial units

Abstract

The reason for which the Government Emergency Ordinance No 46/2013 regarding
the financial crisis and insolvency of administrative-territorial units is the fulfillment of the
obligations assumed by Romania in order to reduce the overdue registered by the
administrative-territorial units to their suppliers of goods, services and works. The article
aims to analyze the general framework and the procedures regarding the coverage of the
liability and the financial recovery of the administrative-territorial units which are in a
financial crisis or in insolvency, relating to the general framework for insolvency, namely
Law No 85/2006, as well as the Law No 273/2006 regarding local public finances updated
and amended by Law No 13/2011.

Author Biographies

Elise-Nicoleta Ví¢lcu, University of PiteÅŸti, PiteÅŸti, Romania

Faculty of Law and Administrative Sciences

Ionel Didea, University of PiteÅŸti, PiteÅŸti, Romania

Faculty of Law and Administrative Sciences

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Published

2013-12-20

Issue

Vol. 7 No. 4 (2013): Agora International Journal of Juridical Sciences

Section

Section I. Juridical Sciences

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