A doubling of insolvency cases in 4 months

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A doubling of insolvency cases in 4 months

 “As of November, we have shifted our focus to restructuring,” he added. Such operations are to make up a significant ratio in the company’s revenues this year. Due to an increase in the demand for insolvency assistance, other law firms are also focusing on this segment. A top company in the field, Tuca, Zbarcea & Asociatii, founded TZA Insolventa SPRL, specialized in insolvency assistance. The company is registered with the National Union of Insolvency Practitioners (UNPIR). Another law firm, Bostina si Asociatii, also plans to enter this segment. “We are seriously considering entering the insolvency market. We have the required experience and, if we decide to take this step, we will build a strong team around our two lawyers who have the necessary training and certification,” the company’s founder and Managing Partner, Doru Bostina, said. By 30 August 2008, UNPIR members were working on 26,649 insolvency cases, of which only 426 were targeting restructuring. A further 11,791 were liquidation files, and the remaining 12,122 bankruptcy files.