On 6 March 1945, after mass demonstrations by communist sympathizers and political pressure from the Soviet representative of the Allied Control Commission, a new pro-Soviet government that included members of the previously outlawed Romanian Communist Party was installed.Gradually, more members of the Communist Party and communist-aligned parties gained control of the administration and pre-war political leaders were steadily eliminated from political life.A Program for Monetary Reform was a proposal for reforming the banking system in the United States following the Great Depression, to aid the return of the American economy to full employment. Many of the efforts made by economists to reform the banking system in the wake of the Great Depression found their way into the history books.
Agriculture Equip/Commodities - 47 items Aircraft and Aviation Parts, Equipment - 3 items All Terrain Vehicles - 31 items All Vehicles (Restricted Vehicles) - 3 items Ambulance - 18 items Animal Equipment, Cages and Feed - 4 items Arts and Crafts - 42 items Asphalt Equipment - 12 items Audio/Visual Equipment - 256 items Automobiles - 503 items Automobiles (Classic/Custom) - 11 items Bags, All Types - 6 items Barber and Beauty Shop Equipment - 13 items Batteries, All Types - 7 items Bicycles - 90 items Boats and Marine Supplies - 42 items Books/Manuals - 45 items Builders Supplies - 48 items Buildings - 14 items Buses, Transit and School - 97 items Cafeteria and Kitchen Equipment - 353 items Chemicals, All Types - 8 items Clocks and Watches - 3 items Clothing/Linens - 39 items Collectibles - 10 items Commercial Furnaces - 1 items Commodities - 1 items Communication/Electronic Equipment - 274 items Compressors - 19 items Computers, Parts and Supplies - 728 items Confiscated/Forfeited/Personal Property - 103 items Containers - Storage/Shipping - 42 items Cranes - 1 items Fine Art - 6 items Fire and Police Equipment - 211 items Fire Trucks - 39 items Firearm Accessories - 10 items Firearms and Live Ammunition - 4 items Food - 1 items Forklifts - 14 items Fueling Equipment - 4 items Furniture/Furnishings - 796 items Machinery - 98 items Mailing Equipment - 15 items Material Handling Equipment - 19 items Medical/Dental Equipment - 114 items Metal, Scrap - 21 items Metals, Precious - 1 items Miscellaneous Vehicles - 4 items Motor Homes / Travel Trailers - 10 items Motorcycles - 16 items Mowing Equipment - 110 items Music/Musical Equipment - 42 items Paper and Paper Products - 1 items Photographic Equipment - 51 items Pipe, Valves, and Fittings - 28 items Playground / Amusement Park Equipment - 9 items Plumbing Equipment and Supplies - 24 items Pool Supplies and Equipment - 5 items Printing and Binding Equipment - 94 items Public Utility Equipment - 26 items Pumps - Fuel, Water, Etc.
- 35 items Scales and Weighing Apparatus - 7 items School Equipment - 56 items Security Equipment - 41 items Snow Removal Equipment - 25 items Sporting Equipment - 59 items SUV - 168 items Sweeper - Parking Lot/Warehouse - 4 items Sweeper - Street - 14 items Tanks - Water, Fuel, Oil, etc.
Another drain was the war reparations paid to the Soviet Union.
In the 1950s, however, Romania's communist government began to assert more independence, inducing, for example, the withdrawal of all Soviet troops from Romania by 1958.
This is not the same as its debts being discharged, as happens when an individual files for Chapter 7.
The debts still exist in theory, at least until the statute of limitations has expired, but there is no debtor to pay them, so they must be written off in practice.In December 1947, King Michael was induced to abdicate and the People's Republic of Romania was declared.At first, Romania's scarce post-war resources were drained by the "Sov Roms", new tax-exempt Soviet-Romanian companies that allowed the Soviet Union to control Romania's major sources of income.Liquidation is the process of bringing a business to an end and distributing its assets to claimants.Once the process is complete, the business is dissolved.Assets are distributed based on the priority of various parties’ claims, with a trustee appointed by the Department of Justice overseeing the process.