Expertise
Judicial reorganization and bankruptcy procedures. Consultation for creditors and debtors
Last updated: May 2026
We manage insolvency procedures with a clear view of the business behind the numbers. We don't limit ourselves to the letter of the law. We analyze the operational structure, identify areas with real recovery potential and build solutions that provide time and direction.
Pragmatic solutions for debtors and creditors
Assistance in formulating and filing the petition to open insolvency, judicial reorganization or bankruptcy proceedings.
Drafting, negotiating and confirming the reorganization plan to save the business and protect jobs.
Representing creditors for enrollment in the creditor table and recovery of claims in insolvency proceedings.
Challenging the judicial administrator's measures and representation in litigation related to insolvency proceedings.
From the petition to open insolvency, bankruptcy or judicial reorganization. We analyze the financial situation and develop the optimal approach strategy.
Drafting and confirming the reorganization plan, negotiating with creditors and identifying viable recovery solutions.
Representation in challenges against the judicial administrator's decisions and protecting client interests throughout the procedure.
Actions to engage the patrimonial liability of involved persons or to annul fraudulent acts concluded in the suspect period.
Assistance for creditors in enrolling in the creditor table, enforcing guarantees and maximizing recovery chances.
For Debtors
Viable reorganization strategies
Protection against excessive measures
Negotiation with creditors
Saving the business and jobs
For Creditors
Maximizing debt recovery
Enforcing guarantees
Challenging fraud and suspicious acts
Monitoring the procedure and the administrator
Related areas
Debt recovery and asset protection in enforcement proceedings
Disputes with tax authorities, challenging ANAF decisions and tax optimization
Rigorous management of all litigation stages, from pre-litigation phase to enforcement
Frequently asked questions
Under Law 85/2014, the debtor must request the opening of insolvency within 30 days of the appearance of the state of insolvency (manifest inability to pay due, certain and liquid debts). Failure to comply triggers personal liability of the director for the company's liabilities. The minimum claim threshold for a creditor to file is 50,000 RON.
Judicial reorganization allows the debtor to continue operating through implementation of a plan approved by creditors and the supervising judge, with debt rescheduling or reduction over a maximum of 3 years (exceptionally 4). Bankruptcy is the liquidation of assets for distribution to creditors, followed by removal of the company from the trade register. Successful reorganization is preferable for all stakeholders but requires a viable business and creditor consensus.
Creditors must register their claim in the preliminary table within the set deadline (typically 45 days from opening). Secured claims (mortgages, pledges) take priority. The creditor can attend creditor meetings, vote on the reorganization plan, challenge the judicial administrator's measures and request liability of management for unpaid liabilities. Claim registration deadlines are forfeiture deadlines. Missing them means losing the right.
Yes, under specific conditions. Article 169 of Law 85/2014 provides for personal liability of management when they caused the state of insolvency through: using the company's assets or credit for personal gain, keeping fictitious accounting, diverting or hiding assets, preferential payments to certain creditors, or continuing activity for personal benefit after the manifest appearance of insolvency. Liability can be joint and several with other directors.
Last updated: May 2026