Expert insolvenţă carries out the duties of: administrator / judicial liquidator, special administrator, ad-hoc mandate or adjudicator and it is member of the National Union of Insolvency Practitioners from Romania.

The company is represented by the coordinating partners, all having a long experience both in their own field of expertise and in the insolvency practitioners sector.

Our company has a wide experience in the insolvency field acquired through managing judicial and bankruptcy reorganization procedures, and voluntary liquidation for more than 400 companies in Hunedoara and Alba (40 under insolvency procedure, 364 with closed proceedings, 2 under voluntary liquidation, or following the winding-up ruled on by the Judge appointed at The National Trade Register Office.)

Expert Insolvenţă SPRL manages extremely complex procedures for large companies with important assets - like SC ARDELEANA SA Alba Iulia, SC AMPELUM SA Zlatna, SC FIDATI SRL Alba Iulia, SC MONTANA SA Câmpeni, SC STRATUSMOB SA Blaj, SC MATEX SA Deva, SC ULPIA TRAIANA SRL Alba Iulia, SC PLANTISAN SRL Blaj, SC VIDRA CONFEX SA Hunedoara, SC MARIO E DANI LEASING SRL Cugir, SC MEROPA SA Hunedoara, SC CAPRIS SA Sebeş, SC IMI SRL Vaţa de Jos, SC GRANDE ARREDO RO SRL Sebeş, SC CONPET SA Petroşani, SC LACTO SIBIANA SA – all facing complex economic, social and legal problems.

Our efficiency and professionalism are proved by the methods used to maximize the debtors’ patrimony in insolvency proceedings, optimal capitalization of assets for the companies in our portfolio through a marketing system implemented by experienced specialists.

In order to better handle the proceedings, our company started a large affiliation process with public institutions, banking companies and other important creditors.

We would also like to mention that Expert Insolvenţă is nationwide agreed under the Order no. 1009 /2007 issued by the National Agency for Fiscal Administration (ANAF) regarding the insolvency practitioners’ selection procedures.  

By analyzing the cases and handling the emergent problems, conclusions have been drawn along with solutions which helped us develop an efficient, flexible and prompt working approach. We have developed our own working methods much more efficient than the ones used by other similar companies and this has been proved both by the remarkable receptivity manifested by our customers and by the favorable results obtained in a very short time. In order to reach all these we focus on: 

• Communication – we are always in close contact with the parts involved in the insolvency proceedings offering constant information and counseling
• Innovation -  by drafting documents which render the proceedings more rapid and flexible
• Efficiency -  by developing in time an efficient sales program through advertising campaigns, specialized publications in different fields, a web page where one can find both information on our company and the assets under auction
• Collaboration – by partnerships with one of the best law offices, court enforcement offices, notary public offices, companies specialized in evaluations members of ANEVAR. Knowing their working approach helps us maximize the celerity of the proceedings and operate with lower costs.
• Celerity – being result-oriented we aim at satisfying the creditors’ needs in the shortest time possible

Financial and human resources

Our company is composed of professional staff and works with highly qualified collaborators. The team is made up of five insolvency practitioners, legal advisers, tax advisers, evaluators, lawyers, management and business counselors, marketing counselors etc. 

The human and time resources our company can allocate for carrying out the duties of administrator/ judicial liquidator are considerable; we can therefore assure the quality and the efficiency of the legal actions required by managing an opened insolvency proceeding against the debtor. 

Our company can also provide the entire logistics necessary for running an efficient and optimal business: modern offices, communication networks, and cutting-edge equipment, standing orders at specialized publications and magazines, legislative programs, modern cars available to all employees etc. 

Internal Organization

Expert Insolvenţă SPRL is represented by coordinating partners with a large experience in their fields of expertise and in the insolvency practitioners sector. The company is structured in four departments with clearly assigned tasks in managing the insolvency proceedings; an important role is also plaid by our collaborators. The projects are being coordinated by the case managers helped by a team of representatives from each department - all having well-determined tasks.

• The Legal Department - is made up by graduates of Law, graduates of Law Faculties of Cluj, Timişoara, Arad and Sibiu universities. According to the internal procedures, each legal adviser is being assigned with solving the problems for each insolvency case where the company has been designated Judicial administrator/ liquidator. Consequently, our legal advisers can develop efficient work practices by building a “portofolio” of companies in judicial reorganization, bankruptcy or winding-up proceedings by means of which he can follow up throughout the proceedings the specific issues for each case under his care. He is therefore familiarized with all the emerging problems and has a high understanding of the subject, basis on which he can make the right decisions and actions for each case.
• The Financial Department – is made up by competent staff - economists with a wide experience in the field, which are assigned with supervising the accounting/financial activities and solving the financial problems for each insolvency case where the company has been designated Judicial administrator/ liquidator. The efficiency of this department is based on the same principles we have mentioned earlier. Among this department’s competences we can nominate the following: managing (supervising or conducting ) the accounting/financial problems of companies in bankruptcy, reorganization or liquidation– including drawing up balance sheets, making economic analysis of companies and proposing viable solutions for refreshing the activity where possible.
• The Marketing Department – is in charge with an important segment in the insolvency proceedings: capitalizing the assets in order to obtain the necessary liquidities for covering the companies’ debts. Similar with the working procedures in the other departments, the marketing specialist are handling the problems related to the capitalization of debtors’ assets which are subject of the insolvency or liquidation proceedings and where our company has been designated Judicial administrator/ liquidator.
• The Administrative Domain - is made up by competent staff (assistant mangers, drivers) which  insure efficient and operative contacts outside the company, a good information flow within the company, hold the managers’ agenda, accomplish a series of routine tasks, handle data, archives, documents and provide assistance for the mangers.

PRINCIPLES

The moral values we base our business on are:

• Professional integrity and autonomy
• Respect for the law, probity and honesty
• Independence and equity towards the parties involved in the insolvency proceedings
• Confidentiality
• Discipline, efficiency and perseverance in everything we do
• Confidence, respect and loyalty toward  all our partners
• A flexible working approach
• Fair play and respect toward all those for which and whit who we work
• Consistency in professionalism and ingenuity

SERVICES

Our company offers professional services in the following fields: judicial administrator/ liquidator, special receiver, ad-hoc mandate or adjudicator, under the legislation in force: 

• Judicial reorganizations
• Judicial liquidations
• Administrative liquidations
• Preventive agreements
• Ad-hoc mandate
• Consultancy in the field of insolvency
• Drawing up the reorganization plan
• Expertise in insolvency matters

Insolvency is an extremely vast field which involves various activities from the pre-insolvency period to specific problems such as the social or environmental protection aspects. In this context we provide the following services:

• Debtors solvency analysis
• Assistance and consultancy in debt recovery
• Fulfilling the tasks of a special receiver under to the law
• Reporting company analysis necessary to establish the reasons behind the suspension of payments status and other reports required by Law no.85/2006
• Inventory of company assets under the legislation in force
• Assistance in preparation of assessment reports of assets to be recovered through sale for insolvency proceedings
• Management or supervision of the Company during the period of observation, and bankruptcy and judicial reorganization
• Preparing and supervising the reorganization plan
• Market study to identify some potential clients in order to capitalize property companies in insolvency
• Preparation strategy for the recovery of assets of a company under insolvency, either by auction or by direct negotiation  under Law no. 85/2006
• Liquidation of assets
• Drawing up plans to distribute the proceeds of liquidation of company assets
• Closing reporting insolvency proceedings under Law no. 85/2006  in force
• Formulation of requests for training of members of the supervisory responsibility of the Company or management under the provisions of Articles 138 of insolvency law