» Summons of Payment
This is a quicker
procedure that relates to debts representing obligations of payment of certain
amounts, assumed through a written contract or determined through a different
statute, regulation or written document, which attests rights and obligations
regarding the execution of certain services, work etc.
» Common Law
This is the basic,
usual type of trial foreseen by the Romanian Law for the recuperation of
debts. This method is considered slower that the Summons of Payment and it
requires sending an official notification to the debtor and establishing a
date and time for negotiations as a pre-trial step. There are certain
timeframes to be taken into account when starting this type of trial.
The Romanian Insolvency Procedure
insolvency procedure provided by the Romanian law applies to debtors who are
insolvent or imminently insolvent. The procedure will begin with a petition
filed in court by the debtor or by creditors, and any other persons or
institutions mentioned by the law.
Debt Collection Romania
Collection Romania is a division of
Enescu & Cuc Law Firm, a legal
office specialized in Commercial and Corporate Law from Bucharest, Romania. All
of our lawyers are specialized in debt collection procedures.
Enescu has been a registered lawyer since 1999; her main
professional expertise being Commercial and International Commerce Law,
Corporate and Taxation, oriented towards business consultancy and the
creation of legal strategies for international investors in the country. Her
activity as an attorney includes drafting of contracts for the best
protection of clients, legal reports and opinions as well as litigations.
Another area of expertise is Civil Law, out of which we mention due
diligence procedures (interpreting documented information to reach pertinent
conclusions and action plans), Labor Law and certain aspects of Intellectual
area of expertise includes civil and commercial and real estate litigation
and consulting. His activity until now includes holding Constitutional Law
seminaries for the students of The Faculty of Public Administration within "Nicolae
Titulescu University" in Bucharest. Also Mr. Cuc has published many articles
in specialty magazines and is co-author of the study "European Citizenship",
next to Professor Doctor Ioan Muraru, Gheorghe Iancu, Simina Tanasescu and
State Counselor Stefan Deaconu. Mr. Mihai Cuc has also collaborated with TVR,
the Romanian national TV station for a legal-oriented production and is
included in the Romanian edition of the "Who is Who" encyclopedia for his
activity as a top real estate lawyer.
DebtCollectionRomania.com has partners with
numerous other debt collection agencies in Europe. If interested please read
our article on how to recuperate debt from French companies.