Dafora has decided to extend its reorganization period by another year. Thus, Dafora will empower the owner, Geroge Calburean, to attract funding, but also to dispose of the company’s assets for reallocation, sale or liquidation.
Thus, the Dafora’s Special and Judicial Administrator decided to convene the General Assembly
Extraordinary Shareholders for 29.10.2018. In the convocation announcement is stated the „approval of the authorization of the special administrator Călburean Gheorghe for drawing up, signing and submitting a proposal for modification of the reorganization plan of the activity … having as main purpose the extension of the reorganization period of the company’s activity by another year and any other measures the special administrator shall consider them necessary.”
The document states that a new plan may contain any of the following: the maintenance by the debtor of the management of his business, including the right of disposal of the transfer of all or some of the assets of the debtor’s assets to one or more natural or legal persons, the merger or division of the debtor, the liquidation of all or some of the debtor’s assets, separately or in block, and the partial or total liquidation of the debtor’s asset for the execution of the plan.
The amounts of money earned after the sale of goods subjected to preference clauses, according to the provisions of the Civil Code, will be distributed to the creditors who own the clauses.
