creditors

INFINEXA Restructuring, a Romanian entrepreneurial company specialized in restructuring distressed companies, with over 130 million euros in assets under management, announces the sale of a portfolio of assets worth over 65 million euros,…

The rules on credit agreements for consumers were revised at the end of 2023, when new responsibilities for creditors were introduced to protect consumer rights, shows an analysis by the law firm PeliPartners. "On 30 October 2023,…

CITR has completed the first stage in the management of the Euroins bankruptcy. In the approximately 3 months after its designation as the court-appointed liquidator of Euroins, the CITR team analyzed over 1,100 receivable statements which…

The latest Coface Romania study shows that 6,531 new insolvency proceedings were opened in 2022, up by 7% compared to 2021, and 2% above the level before the Covid-19 pandemic. The losses caused to creditors in 2022 by insolvent companies…

The General Meeting of Oltchim SA creditors has approved the sale of assets (Packages 1-5 and partially 7) according to the contract concluded between Oltchim SA - as seller, Chimcomplex SA Borzeşti - as buyer and Romanian Commercial…

Alba Iulia Court of Appeal has resolved on Tuesday the appeals lodged against the decisions of the Hunedoara Court ’s bankruptcy judge in Hunedoara Energy Complex (CEH) insolvency case and rejected the request to open insolvency…

Bucharest Tribunal on Wednesday admitted the Autonomous Administration for Thermal Energy Distribution (RADET) request for insolvency. Decision can be challenged in seven days. Judges have set a deadline of 10 days from notification for…

Astra Asigurari insurance company, in liquidation, filed Friday, May 27, appeals against the claims of three banks, included in the preliminary table. Raiffeisen Bank SA requested for entry in the preliminary table of a claim of RON 2.3…

InterAgro SRL Zimnicea, the company through which businessman Ioan Niculae, Romania’s richest man in 2015, has controlled his businesses in agriculture, industry and tourism, became insolvent as of February 2nd, 2016. Teleorman Court…

Jolidon underwear producer became insolvent, Cluj Court ruled on Friday. The insolvency has been asked by several creditor companies such as SC JIE, AB, DGMC, BCR, AFM, MESRL and ASSRL. The final claims are to be announced on September 23.…