STRATEGIES TO PREVENT THE INSOLVENCY OF COMPANIES

被引:0
作者
Horja, Ioana-Monica [1 ]
机构
[1] Dimitrie Cantemir Univ, Targu Mures, Romania
来源
17TH INTERNATIONAL CONFERENCE THE KNOWLEDGE-BASED ORGANIZATION, CONFERENCE PROCEEDINGS 2: ECONOMIC, SOCIAL AND ADMINISTRATIVE APPROACHES TO THE KNOWLEDGE-BASED ORGANIZATION | 2011年 / 2卷
关键词
insolvency; strategies; bankruptcy;
D O I
暂无
中图分类号
C [社会科学总论];
学科分类号
03 ; 0303 ;
摘要
The insolvency of companies is a phenomenon more and more common in Romanian economy. A business is insolvent if it doesn't have enough assets to cover its debts, or it is unable to pay its debts as and when they are due. If a company can anticipate the insolvency risk it can avoid insolvency. The aim and the objective of the paper is to highlight the main strategies and methods for preventing insolvency and also their importance for a company. The financial difficulty of a company doesn't have a legal adequate definition, but the accounting information, the evaluation report or audit reports, the banks admonitions can offer important criterions for the appraisal of the venture and can create a reference point for the trigger action of the alertness. A hypothetical line of the companies difficulties would start from the admonitions of the difficulties, would continue with the eventual prevention procedures or measures and procedures of extra judiciary treatment of the financial crisis, and only if these procedures didn't gave result, with the insolvency procedure.
引用
收藏
页码:156 / 161
页数:6
相关论文
共 3 条
[1]  
Horja I. M., 2010, RESTRUCTURING OPERAT, P274
[2]  
Lupulescu A. M., 2008, CO REORGANIZATION ST, P28
[3]  
Piperea Gh, 2008, INSOLVENCY LAW RULES, p[200, 203]