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

Elise-Nicoleta Vâlcu, Ionel Didea, George Popa

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.

Keywords


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

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Editor-in-Chief

 

Associate Editor-in-Chief

  1. PhD. Professor Cornelia Lefter, Academy of Economic Studies, Bucharest, Romania
  2. PhD. Professor Adriana Manolescu, Agora University of Oradea, Romania
 

Scientific Editor

 

Executive editors

  1. PhD. Professor Salvo Ando, University “Kore” Enna, Italy
  2. PhD. Associate Professor Alina Angela Manolescu, Agora University of Oradea, Romania

Associate editors

  1. PhD. Professor Alfio D'Urso, University „MAGNA GRECIA” University of Catanzaro, Italy
  2. Agnieszka Wedeł-Domaradzka, University of Economy in Bydgoszcz, Poland
  3. PhD. Alexandru Cordos, Christian University ”Dimitrie Cantemir”, Romania
  4. PhD.in Law, Assistant Professor José Noronha Rodrigues, Açores University, Portugal
  5. PhD. Professor Luigi Melica, University of Lecce, Italy
  6. PhD. Professor Jozsef SZABADFALVI, University of Debrecen, Hungaria
  7. PhD. Professor Farkas Akos, University of Miskolc,  Hungary
  8. PhD. Szabó Szabó BÉLA, University of Debrecen, Hungary
  9. PhD. Professor Brânduşa Stefanescu, University of Economics, Bucharest, Romania
  10. PhD. Professor Ovidiu Predescu, ″Law Journal″ (assistant chief editor), "Criminal Law Journal″ (assistant chief), Bucharest, Romania
  11. PhD. Professor Ioan-Nuţu Mircea, associated professor ”Babeş-Bolyai“ University of Cluj-Napoca, Romania
  12. PhD. Professor Alexandru Boroi, Police Academy ”Alexandru Ioan Cuza“, Bucharest, Romania
  13. PhD. Professor Luminita Gabriela Popescu, National School of Political Studies and Public Administration, Bucharest, Romania

 

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