Search results for "Bankruptcy"
showing 10 items of 76 documents
CORPORATE BANKRUPTCY AND INSOLVENCY PREDICTION MODEL
2021
In any competitive economy, the risk of bankruptcy is pervasive. The research aims to contribute in improving the predictive power of bankruptcy and insolvency risk among companies by introducing new methods of processing and validation. This paper investigates the extensive application of the Z score model for predicting the economic-financial stability of Romanian companies in the manufacturing and extractive industries. A list of 37 financial indicators determined on the basis of the balance sheet data of 80 companies for the period 2015–2018 was used. Stepwise Least Squares Estimation through the Forward method allowed the identification of the most relevant ones. Canonical discriminant…
Economic, Social and Welfare Issues
2015
In late 2008 the three Baltic states were thrust into the heart of an intensely polarising international public debate on strategies to tackle the growing global economic crisis. The previous four years, following accession to the European Union (EU) in 2004, had witnessed rapid economic growth across the region, indeed the three recorded the highest GDP growth in the EU. Banks eased lending restrictions, foreign direct investment (FDI) inflows surged and Baltic businesses and consumers binged on cheap, readily available credit. Hubristic politicians increasingly talked of the inevitability of economic convergence with Western Europe. However, a gradual slowdown from late 2007 declined into…
Franchisee Discontinuance and Failure Empirical Findings from Finland
2008
The present study focuses on franchisee discontinuances and failures during 1999–2001. The paper deals with notions relating to discontinuance and failure. Franchising is approached from entrepreneurs hip viewpoint and taken as a form of starting and conducting entrepreneurship and business. The study was carried out in 2002 in Finland. The 46 member franchisors of the Finnish Franchising Association (FFA) were surveyed. Altogether 33 responses were received, adding up to a response rate of 72%. The results were parallel with the findings of the previous international studies. The results indicate that the average annual franchisee turnover rate was 11% in 1999–2001 in the studied franchise…
Problem odpowiedzialności członków zarządu spółki kapitałowej za zobowiązania z tytułu składek na ubezpieczenie społeczne powstałe w czasie trwania p…
2020
<div><p>The study is devoted to the problem of management board members’ liability for social insurance contributions arising during the course of proceedings with the option of concluding an arrangement based on the provisions of both the Bankruptcy and Reorganization Law and the Restructuring Law. It defends the view that a member of the management board is not responsible for liabilities under social security contributions arising during the course of proceedings with the option of concluding an arrangement, initiated in good time, conducted on the basis of the provisions of the Bankruptcy and Reorganization Law as well as on the provisions of the Restructuring Law.</p>…
The waves of enterprises bankruptcy and the factors that determine them: the case of Latvia and Lithuania
2018
International audience; Bankruptcy of enterprises is macroeconomic issue and a phenomenon of a dynamic and competitive market economy. It results in a lot of negative effects not only for the enterprise and its employees but also for other enterprises and institutions, as well as the state and society. The aim of the article is to carry out the analysis of bankruptcy of Latvian and Lithuanian enterprises. No such study has been carried out so far. Article analyses the dynamics of Latvian and Lithuanian enterprise bankruptcy, which manifest themselves in larger waves in certain periods and the factors that influence them. From 1993-when the bankruptcy of enterprises was started to be officia…
La quiebra y el concurso de acreedores: origen, recepción y pervivencia en el sistema jurídico español
2012
La presente Tesis Doctoral sigue el método que en la Tradición romanística se le denomina estudio vertical, consistente en análisis y evolución de las figuras del Derecho romano hasta su plena recepción en nuestro vigente. A través del presente trabajo se aborda el estudio del origen de la quiebra, la recepción en el sistema jurídico español y su desarrollo histórico jurídico hasta 2012, que es cuando se finaliza el trabajo. A efectos de delimitar la institución, se ha procedido a ordenarla a través de una visión omnicomprensiva, esto es, recurriendo a una triple orientación: legal, doctrinal y documental. La amplitud histórica y textual que una obra como la presente conlleva, no pretende a…
Skutki uchylenia układu zawartego w postępowaniu upadłościowym dla wierzytelności objętych układem
2013
The paper deals with the question of consequences which result from annulment of the agreement concluded in bankruptcy proceedings, involving receivables which are included in the agreement. The institution of the very agreement itself and its annulment is a unique solution in the construction of the bankruptcy law. The core of the analyses is the regulation of the bankruptcy and repairing law, according to which, in the case of annulment of the agreement, in the bankruptcy proceedings that are opened, the creditors to date pursue their claims at the initial height of the latter. The due interest is accrued from the day of the validation of the decision on the annulment of the agreement. Th…
L’arbitrabilità delle azioni revocatorie e di inefficacia nella prospettiva del Codice della Crisi
2020
Tra i compiti del curatore vi è quello di ricostruire il patrimonio del debitore, al fine di garantire la par condicio creditorum. A questo scopo il curatore può proporre azioni dirette a far dichiarare la inefficacia degli atti compiuti dal debitore. Si tratta di azioni con presupposti ed effetti tra loro diversi; una azione è diretta a far dichiarare la inefficacia ex lege atti compiuti dal debitore; le altre sono lazione revocatoria ordinaria e l’azione revocatoria fallimentare. Per altro verso, il curatore potrebbe essere convenuto in azioni revocatorie dirette a fare dichiarare inefficaci atti di cui ha beneficiato il debitore prima del fallimento o la stessa curatela. In tutte queste …
Consumer arrangement under the bankruptcy law act in Poland
2019
the arrangement in consumer bankruptcy is an alternative solution to the liquidation of the bankruptcy estate and establishing a repayment plan. The consumer arrangement in bankruptcy proceedings can be contained in different formats. The regulation of the arrangement in consumer bankruptcy is based on Article 49122 and 49123 of Bankruptcy Law Act and a storied reference to the provisions on the arrangement in bankruptcy proceedings (Article 266a of Bankruptcy Law Act) and on the arrangement under the Restructuring Law. The legislator proposed one more way of debt relief by entering into an arrangement at a meeting of creditors. This solution provides that the debtor, with the help of a pro…
Azioni revocatorie e arbitrato
2020
Lo scritto studia il rapporto tra azione revocatoria ed arbitrato. Il curatore ha il compito di ricostruire il patrimonio del debitore, al fine di garantire la par condicio creditorum. A questo scopo il curatore può proporre azioni dirette a far dichiarare la inefficacia degli atti compiuti dal debitore. Si tratta di azioni con presupposti ed effetti tra loro diversi; una azione è diretta a far dichiarare la inefficacia ex lege atti compiuti dal debitore; le altre sono l’azione revocatoria ordinaria e l’azione revocatoria fallimentare. Per altro verso, il curatore potrebbe essere convenuto in azioni revocatorie dirette a fare dichiarare inefficaci atti di cui ha beneficiato il debitore prim…