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Pensioner Victor Pop (L), 58, an ex-miner, sits as Radu (R) works on the insulation of his apartment while neighbours look on in Aninoasa, 330 km (202 miles) west of Bucharest July
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Speculators who overpaid for apartment complex go bust, lenders left holding bag for $5 billion - silive.com
![Men paint the entrance of an apartment block in Aninoasa, 330 km (202 miles) west of Bucharest July 30, 2013. If joining the European Union was supposed to lift Romania out of Men paint the entrance of an apartment block in Aninoasa, 330 km (202 miles) west of Bucharest July 30, 2013. If joining the European Union was supposed to lift Romania out of](https://c8.alamy.com/comp/2D0NR77/men-paint-the-entrance-of-an-apartment-block-in-aninoasa-330-km-202-miles-west-of-bucharest-july-30-2013-if-joining-the-european-union-was-supposed-to-lift-romania-out-of-poverty-in-aninoasa-a-town-of-4800-people-in-the-mountainous-jiu-valley-region-it-has-yet-to-work-six-years-after-romanias-accession-to-the-eu-not-only-is-aninoasa-still-poor-it-has-also-become-the-first-town-in-romania-to-file-for-insolvency-picture-taken-july-30-2013-reutersbogdan-cristel-romania-tags-society-business-employment-poverty-real-estate-attention-editors-picture-12-of-23-for-package-r-2D0NR77.jpg)
Men paint the entrance of an apartment block in Aninoasa, 330 km (202 miles) west of Bucharest July 30, 2013. If joining the European Union was supposed to lift Romania out of
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Residential apartment building prohibition orders could make insolvency a realistic prospect - Corrs Chambers Westgarth
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Despite the long wait, the insolvency process has made a difference to 1,400 buyers of SARE Homes in Gurgaon
![Apartment blocks are seen in Aninoasa, 330 km (202 miles) west of Bucharest July 31, 2013. If joining the European Union was supposed to lift Romania out of poverty, in Aninoasa, a Apartment blocks are seen in Aninoasa, 330 km (202 miles) west of Bucharest July 31, 2013. If joining the European Union was supposed to lift Romania out of poverty, in Aninoasa, a](https://c8.alamy.com/comp/2CYH44K/apartment-blocks-are-seen-in-aninoasa-330-km-202-miles-west-of-bucharest-july-31-2013-if-joining-the-european-union-was-supposed-to-lift-romania-out-of-poverty-in-aninoasa-a-town-of-4800-people-in-the-mountainous-jiu-valley-region-it-has-yet-to-work-six-years-after-romanias-accession-to-the-eu-not-only-is-aninoasa-still-poor-it-has-also-become-the-first-town-in-romania-to-file-for-insolvency-picture-taken-july-31-2013-reutersbogdan-cristel-romania-tags-society-business-employment-poverty-real-estate-attention-editors-picture-11-of-23-for-package-romanias-bankrupt-t-2CYH44K.jpg)