IDEAS home Printed from https://ideas.repec.org/a/jek/journl/v4y2016i2p22-36.html
   My bibliography  Save this article

Repayment plan as essential instrument in personal bankruptcy in the Czech republic

Author

Listed:
  • Monika Randakova

    (University of Economics Prague, Department of Financial Accounting and Auditing, Prague, Czech Republic)

  • Jirina Boksova

    (SKODA AUTO UNIVERSITY, Department of Financial and Managerial Accounting)

Abstract

It is possible to undergo a personal bankruptcy in the Czech Republic since 2008. The number of personal bankruptcies has been steadily rising in the country since the arrival of economic crisis in 2009. Because of that it is necessary to examine individuals who had undergone personal bankruptcy and by whom has been the process of personal bankruptcy already completed. Submitted research concerns debt relief of individuals who applied for personal bankruptcy in the time period between 1.1.2008 and 31.12.2011 and whose process of personal bankruptcy was declared as successfully completed until the first quarter of 2015. Until the end of the research this applied to 1.352 individuals. The main aim of the research was to find out the percentage of debt repaid to creditors by each individual with regard to their age. The research has been focused on dividing the sample of 1.352 individuals to different categories according to their age, source of their income and amount of their income. Particular debtors who applied for a personal bankruptcy, have been divided into four age groups. Each individual was afterwards analysed for the source of their income, from which the debts were repaid. Possible sources of income were divided into eleven groups. The researched sample of individuals was consequently divided according to the overall amount of their debt into five categories.knowledge development, which facilitates the invention of new techniques and methods for promoting project success. The most prominent findings are presented using direct quotations to provide first hand insight from the field. At the end of the paper, recommendations regarding what project managers should do during and after the project has been completed are presented. The recommendations are classified based on the knowledge management life cycle, representing a structured method to manage knowledge in project-based organisations.

Suggested Citation

  • Monika Randakova & Jirina Boksova, 2016. "Repayment plan as essential instrument in personal bankruptcy in the Czech republic," International Journal of Entrepreneurial Knowledge, Center for International Scientific Research of VSO and VSPP, vol. 4(2), pages 22-36, December.
    • Handle: RePEc:jek:journl:v:4:y:2016:i:2:p:22-36
    as

    Download full text from publisher

    File URL: http://ijek.org/files/IJEK_2-2016v4/IJEK-2-2016,v.4_randakova,m.,boksova,j..pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Paolo Di Martino, 2005. "Approaching Disaster: Personal Bankruptcy Legislation in Italy and England, c.1880-1939," Business History, Taylor & Francis Journals, vol. 47(1), pages 23-43.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Michel Robe & Eva Maria Steiger, 2016. "Insolvency and its Consequences: A Historical Perspective," ifo DICE Report, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 13(4), pages 35-40, 02.
    2. repec:ces:ifodic:v:13:y:2016:i:4:p:19191585 is not listed on IDEAS
    3. Pierre-Cyrille Hautcoeur & Nadine Levratto, 2007. "Legal versus economic explanations of the rise in bankruptcies in 19th century France," PSE Working Papers halshs-00587693, HAL.
    4. Paolo Di Martino & Michelangelo Vasta, 2012. "Happy 150th Birthday Italy? Institutions and Economic Performance Since 1861," Department of Economics University of Siena 662, Department of Economics, University of Siena.
    5. Michel Robe & Eva Maria Steiger, 2016. "Insolvency and its Consequences: A Historical Perspective," ifo DICE Report, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 13(04), pages 35-40, February.
    6. Jennifer Aston & Paolo Di Martino, 2014. "Risk and Success: Re-assessing Female Entrepreneurship in Late Victorian and Edwardian England," Economics Series Working Papers Number 125, University of Oxford, Department of Economics.
    7. Jennifer Aston & Paolo Di Martino, 2014. "Risk and Success: Re-assessing Female Entrepreneurship in Late Victorian and Edwardian England," Oxford Economic and Social History Working Papers _125, University of Oxford, Department of Economics.
    8. Pierre-Cyrille Hautcoeur & Nadine Levratto, 2007. "Legal vs economic explanations of the rise in bankruptcies in XIXth century France," Working Papers hal-04139196, HAL.
    9. Paul Bishop, 2017. "Spatial variations in personal insolvency choices: The role of stigma and social capital," Urban Studies, Urban Studies Journal Limited, vol. 54(16), pages 3738-3754, December.
    10. Paolo Di Martino & Michelangelo Vasta, 2010. "Companies' insolvency and ‘the nature of the firm’ in Italy, 1920s–70s1," Economic History Review, Economic History Society, vol. 63(1), pages 137-164, February.
    11. Neil Rollings, 2007. "British business history: A review of the periodical literature for 2005," Business History, Taylor & Francis Journals, vol. 49(3), pages 271-292.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:jek:journl:v:4:y:2016:i:2:p:22-36. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Aleksandr Kljucnikov (email available below). General contact details of provider: https://edirc.repec.org/data/vsposcz.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.