How to recover your receivables from an insolvent company
In order to avoid losing a receivable due to time-barring, under the Romanian law, a creditor typically requires to submit a claim to court against the debtor within 3 years of the due date for payment. Nevertheless, if the debtor becomes subject to the insolvency proceedings, special rules need to be observed by creditors in order to preserve their rights with respect to their receivables. You may find below (in Romanian language) a brief description of the procedure and of