Insolvency Procedure Timeline
Statutory milestones for Romanian insolvency proceedings under Law no. 85/2014. Select the procedure type and enter the opening request date to generate the full timeline.
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Day 0 of the procedure. Defaults to today.
Simplified procedure does not include an observation period or reorganisation plan.
Opening of proceedings (Art. 70, Law 85/2014)
The court must schedule a hearing on the opening request within 60 days. If admitted, the opening order triggers all downstream deadlines. The date assumed here coincides with the hearing; actual opening may follow later.
Creditor claims (Art. 100, Law 85/2014)
Creditors must file their claims within 60 days of the opening order. The judicial administrator then verifies claims over a further 30-day window and publishes the preliminary table.
Reorganisation plan (Art. 132, Law 85/2014)
Available only in general procedure. Debtor or administrator may submit a reorganisation plan within 30 days of the final creditor table (extensible to 60 days by court order). Creditors vote within a further 30 days.
Simplified procedure
Applies to certain categories of debtors (Art. 38, Law 85/2014). There is no observation period and no reorganisation plan stage; the procedure moves directly to liquidation after the final creditor table.
Deadlines calculated under Law no. 85/2014 on insolvency proceedings. Milestones may be extended by court order. This tool is for informational purposes only and does not constitute legal advice.
Built by the firm's lawyer, not by a software development team — edge cases and bugs are possible. If a result looks wrong or matters to your situation, email ciprian@frandes.law to confirm before relying on it; we'll investigate and fix.