Personal bankruptcy
Ombudsman Maya Manolova Submits the Personal Bankruptcy Law to the National Assembly
At 11:00 today, Ombudsman Maya Manolova will submit a Bill on the bankruptcy of individuals, the so-called personal bankruptcy to the National Assembly.
BNR's Olteanu: Market shows time is ripe in Romania for a personal bankruptcy law
The need for a bankruptcy law in Romania regarding individuals has become obvious, but it should be a good law that will provide more benefits than losses and that is focused on negotiations between debtors and creditors outside the court because court trials are slow and costly, Vice-Governor of the National Bank of Romania (BNR) Bogdan Olteanu told a specialist conference on Thursday.