Anything that relates to Referential Integrity or Consistency should be in the database as a bare minimum. If it's in your application and someone wants to write an application against the database they are going to have to duplicate your code in their code to ensure that the data remains consistent.
PLSQL for Oracle is a pretty good language for accessing the database and it can also give performance improvements. Your application can also be much 'neater' as it can treat the database stored procedures as a 'black box'.
The sprocs themselves can also be tuned and modified without you having to go near your compiled application, this is also useful if the supplier of your application has gone out of business or is unavailable.
I'm not advocating 'everything' should be in database, far from it. Treat each case seperately and logically and you will see which makes more sense, put it in the app or put it in the database.
