Difficulty situations require an authorised professional
Insolvency, reorganisation and judicial liquidation are complex procedures that can only be managed by an insolvency practitioner, member of UNPIR (the National Union of Insolvency Practitioners of Romania). They administer the procedure, protect creditors’ interests and, where possible, the recovery of the business.
What an insolvency practitioner can do
- Analysing the state of insolvency and the options;
- Opening and administering the procedure;
- Drawing up the reorganisation plan;
- Managing the liquidation, where applicable;
- The relationship with creditors and the court.
Why it matters for you
Addressed in time and by an authorised professional, insolvency can be a path to recovery, not just closure. We collaborate with UNPIR practitioners and provide the necessary accounting support.
Frequently asked questions
Only an insolvency practitioner, UNPIR member, authorised for these procedures. We collaborate with UNPIR practitioners and provide accounting support.
Not necessarily. There is the possibility of reorganisation, through which the business can be recovered. A UNPIR practitioner evaluates the real options.
The National Union of Insolvency Practitioners of Romania — the body regulating the insolvency practitioner profession.