ANALYSIS OF CONCEPTUAL APPROACHES FOR THE FIRM IN DIFFICULTY

ANALYSIS OF CONCEPTUAL APPROACHES FOR THE FIRM IN DIFFICULTY

Beginning with simple delays in payments until the occurrence of bankruptcy, the notion of a firm in difficulty is extremely complex. The concept involves an economic component, but it cannot be separated from the legal component (for each country, given the legislation feature). Difficult situation...

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Bibliographic Details
Published in:Journal of Public Administration, Finance and Law no. 5; pp. 110 - 116
Main Author: LUPU Dan
Format: Journal Article
Language:English
Published: Technopress 01-06-2014
Subjects:
business failure
decision rules
liquidation
Online Access:Get full text
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Summary:Beginning with simple delays in payments until the occurrence of bankruptcy, the notion of a firm in difficulty is extremely complex. The concept involves an economic component, but it cannot be separated from the legal component (for each country, given the legislation feature). Difficult situation of an enterprise requires the existence of vulnerable states in their activities, which upon reaching a critical threshold prevail against the forces of them, leading ultimately to the onset of insolvency process.
ISSN:2285-2204
2285-3499