{"id":7611,"date":"2026-11-04T17:27:10","date_gmt":"2026-11-04T17:27:10","guid":{"rendered":"https:\/\/avocatbucuresti.ro\/consultanta\/avocat-insolventa-persoane-fizice-bucuresti\/"},"modified":"2026-11-06T19:14:29","modified_gmt":"2026-11-06T19:14:29","slug":"personal-insolvency-lawyer-in-bucharest","status":"publish","type":"product","link":"https:\/\/avocatbucuresti.ro\/en\/consultanta\/avocat-insolventa-persoane-fizice-bucuresti\/","title":{"rendered":"Personal insolvency lawyer in Bucharest"},"content":{"rendered":"

Personal insolvency lawyer in Bucharest<\/h2>\n

Do loan instalments, arrears and enforcement proceedings exceed what you can realistically afford to pay? We assess whether personal insolvency may apply, what obligations it involves and which other legal options should be considered.<\/p>\n

Personal insolvency and company insolvency<\/h2>\n

The procedures under Law no. 151\/2015 apply to individuals who meet the statutory conditions, for obligations that do not arise from operating an enterprise. A single overdue instalment is not enough. We review the nature of the debts, income, assets, family circumstances and good faith, without promising automatic debt cancellation.<\/p>\n

What procedure can be analyzed<\/h2>\n

The law provides for an insolvency procedure based on a debt repayment plan, a court procedure involving liquidation of assets, and a simplified procedure. Each has its own conditions. The choice depends on the debtor\u2019s documented circumstances, rather than simply the procedure\u2019s name or a wish to stop garnishment.<\/p>\n

For the procedure based on a debt repayment plan, the debtor must notify every known creditor at least 30 days before filing the application with the competent insolvency commission. Notice must be sent by a method that provides confirmation of receipt (Article 13(1) and (4) of Law no. 151\/2015). Keep copies of the notices and confirmations of receipt when preparing the file.<\/p>\n

Legal assistance may include<\/h2>\n