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Stelian Garofil interviewed on the fraudulent insolvency issue

Stelian Garofil, Deputy Managing Partner at Dragne & Asociatii, was interviewed by the business publication business24.ro on the subject of insolvency and how fraudulent insolvencies are used by debtors to avoid paying their creditors. The interview was published under the title “Is insolvency the new black industry?” on 21 May 2012. Stelian Garofil told the publication that fraudulent insolvencies are not […]

Applications of insolvency on a strong upward trend

2011 saw an increase in applications for insolvency filed by creditors, compared with 2010. Applications by debtors also increased. “If before the economic crisis debtors were quite reluctant to request the opening of proceedings, fearing their commercial images to be affected, they now see this action as a life preserver, which gives them a chance to restructure the debt and […]