OPENING INSOLVENCY PROCEEDINGS
Insolvency is the state of the debtor's assets that is characterized by lack of available funds for the payment of certain, liquid and exigible debt. Insolvency is presumed to be obvious when the debtor, after 90 days in arrears, has not paid his debt to the creditor, the presumption being rel...
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| Format: | Article |
| Language: | English |
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Vasile Goldis University Press
2012-12-01
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| Series: | Studia Universitatis Vasile Goldis Arad, Seria Stiinte Economice |
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| Online Access: | http://studiaeconomia.uvvg.ro/index.php?option=com_content&view=article&id=286:opening-insolvency-proceedings-&catid=40:2012-partea-4&Itemid=71 |