Olteanu, NBR: We have too few successful company debt restructuring stories - financiare.ro
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News » February, 2011 » 15 February 2011

Olteanu, NBR: We have too few successful company debt restructuring stories
15.02.2011, 23:29 | Finance-Banks | 539 views



On the few examples of successful company debt restructuring, bankers and entrepreneurs have now turned into adversaries, and over-indebted companies are taking their problems to a point where their entering bankruptcy becomes inevitable.

"We are in a vicious circle, as a system. The too few successful restructuring stories are not encouraging us. Maybe more restructuring stories to be talked about would be helpful," said Bogdan Olteanu, NBR vice-governor in charge of the legal department of the institution.

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