2014: Journal no. 4

ENTERPRISE INSOLVENCY: ECONOMIC AND LEGAL IMPLICATION

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Authors:  
Nadejda BOTNARI, PhD, Associate Professor, MAES
Angela TIMUS, PhD, Associate Professor, NIER
Veaceslav BOTNARI, PhD Student, MSU

Due to the economic-financial crises registered in the last years, many enterprises faced both, insolvency and bankruptcy issues. Bankruptcy is a procedure applied to the debtor in order to dissolve his/her assets, to meet the claims of the lender, followed by the dissolution of the debtor, therefore, of the company.

Keywords:  
insolvency, receivables, lender, debtor, administrator, restructuring, simplified bankruptcy, secured receivables, unsecured receivables, bankruptcy.