Insolvency vs. bankruptcy in Romania: key differences and creditor implications
Insolvency is the state of payment incapacity; bankruptcy is the liquidation procedure within insolvency. Not all insolvencies lead to bankruptcy: judicial reorganisation is an alternative.
24.03.2025 Updated: 23.10.2026
Insolvency vs. bankruptcy in Romania
Under Law 85/2014, insolvency is the state of payment incapacity (debts unpaid for 60+ days, minimum 50,000 RON). Two procedures: judicial reorganisation (debtor continues under an approved plan) or bankruptcy (liquidation). Civil cases against an insolvent debtor are automatically suspended: creditors must register claims in the insolvency table. Priority order at bankruptcy: secured creditors → wages → taxes → unsecured creditors.
General information only; this does not constitute legal advice. Data sourced from portal.just.ro.
Frequently Asked Questions
The civil case is suspended. You must register your claim in the insolvency creditors' table within the deadline set by the syndic judge.
Related articles
Useful resources
Have a case? Monitor it on Status Dosar.
An alert on every change: new hearing, ruling, status change.