In bankruptcy procedure, the liquidation of the debtor’s property to cover the debts takes place, followed by the removal of the debtor from the register in which he is registered.
The main duties of the insolvency practitioner – judicial liquidator, are:
a) the examination of the debtor’s activity on which the simplified procedure is initiated in relation to the facts and the preparation of a detailed report on the causes and circumstances that led to the insolvency;
b) the management of the debtor’s activity;
c) the introduction of actions for the annulment of fraudulent acts and transactions concluded by the debtor to the detriment of the rights of creditors, as well as of patrimonial transfers, commercial transactions concluded by the debtor and the setting up of cases of preference, likely to damage the rights of creditors;
d) the application of seals, the inventory of goods and the taking of appropriate measures for their preservation;
e) denunciation of contracts concluded by the debtor;
f) verification of claims and, where appropriate, lodging objections thereto, notification of creditors in the event of non-enrolment or partial entry of claims, and drawing up of tables of claims;
g) tracking the collection of receivables from the debtor’s property, resulting from the transfer of goods or amounts of money made by him before the opening of the procedure, collection of claims, receivables, formulating and supporting claims for the collection of debts of the debtor;
h) receipt of payments on behalf of the debtor and their registration in the account of the debtor’s property;
i) the sale of goods from the debtor’s property, according to the legal provisions;
j) the conclusion of transactions and any other duties established by law or by the syndic judge.