The paper analyses options in case of insolvency. Although insolvency plans empirically are very successful, they are …

, especially, the financial cost of filing for bankruptcy. We study the effects of the reform on bankruptcy, insolvency, and …. We find that the decline in bankruptcy filings resulted in a rise in the rate and persistence of insolvency as well as an … that insolvency is associated with worse financial outcomes than bankruptcy, as insolvent individuals have less access to …

, especially, the financial cost of filing for bankruptcy. We study the effects of the reform on bankruptcy, insolvency, and …. We find that the decline in bankruptcy filings resulted in a rise in the rate and persistence of insolvency as well as an … that insolvency is associated with worse financial outcomes than bankruptcy, as insolvent individuals have less access to …

The opening of an insolvency procedure impacts considerably the referred parties, indirectly affecting other people … involved. We considered the case of a debtor’s spouse who is in a state of insolvency and the case of admitted personal … liability according to art. no. 138 of the Romanian Insolvency Proceedings Law. The obvious interest for a fraudulent division …