www.stiripesurse.ro/adina-calinescu-presedintele-c

Many companies facing financial difficulties are filing for insolvency to avoid forced execution, according to Adina Călinescu from the Romanian Banking Association. She noted that banks are cautious and do not rush to initiate insolvency proceedings. Instead, many debtors seek insolvency as a defense against enforcement actions. Călinescu highlighted that the rising number of insolvency requests indicates a serious issue, as many entrepreneurs fail to conduct timely financial assessments of their businesses. This lack of proactive planning often leads to bankruptcy, especially when companies wait until they can no longer meet their obligations.