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Bankruptcy – Effects on Business Environment

Author

Listed:
  • Claudia Isac

    (University of Petroşani, Romania)

Abstract

Assuming that insolvency is an economic reality that cannot be ignored especially in the current context, and the concerns in the regulation of a flexible and efficient procedures are numerous both nationally and in the European Union, we have structured the work in two parts, respectively the first part, in which are presented the theoretical aspects of the implementation of the insolvency, more precisely the reorganization and bankruptcy proceedings and the second part, where we made a brief analysis of insolvent companies between 2010-2012. The paper ends with a brief presentation of the insolvency process in Eastern and Central European countries compared to Romania.

Suggested Citation

  • Claudia Isac, 2013. "Bankruptcy – Effects on Business Environment," Annals of the University of Petrosani, Economics, University of Petrosani, Romania, vol. 13(2), pages 125-132.
    • Handle: RePEc:pet:annals:v:13:y:2013:i:2:p:125-132
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    File URL: http://upet.ro/annals/economics/pdf/2013/part2/Isac_C.-2.pdf
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    More about this item

    Keywords

    insolvency; bankruptcy; reorganization;
    All these keywords.

    JEL classification:

    • G01 - Financial Economics - - General - - - Financial Crises
    • M10 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - General

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