Insolvency procedures opened in 2014 cut by 29.4 pct

The number of insolvency procedures opened in 2014 has shrunk to 21,367, as against 30,282 in 2013, by 29.4 pct, respectively, on Thursday said Valentina Burdescu, a director with the Insolvency Procedures Gazette with the National Office of Trade Register (ONRC) in a specific conference. According to her, the insolvency procedures opened in 2014 reached 21,367 (20,255 debtors), out of which 6,902 general insolvency procedures and 14,465 simplified insolvency ...

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