Ţuca Zbârcea & Asociaţii has significantly developed its bankruptcy/liquidation and insolvency practice over the past few years. Our department comprises lawyers with extensive expertise in debt recovery, bankruptcy and liquidation matters, including certified mediators and insolvency practitioners. As a matter of fact, our team in this area consists of 8 certified insolvency practitioners. In order to sustain this development, we have also established a separate functional division – TZA Insolvenţă S.P.R.L.

Our services in this area include assistance in relation to debt recovery and appraisal of the best strategy to follow in case of threatened bankruptcy. Most of our mandates consisted of in-depth evaluation of clients’ options for the recovery of receivables, as well as assistance and representation in insolvency proceedings, assessment of the legal feasibility of reorganization plans, analysis of the judicial reorganization plans or concrete proposals for termination of fraudulent acts directed at diminishing the debtor’s assets.