Reorganization, a Possible Bridge over Bankruptcy

Petrescu (Neacºu) Claudia-Maria (), Vladaia (Vlad) Madalina Lucia () and Nistor Ion ()
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Petrescu (Neacºu) Claudia-Maria: Valahia University of Targoviste
Vladaia (Vlad) Madalina Lucia: Valahia University of Targoviste
Nistor Ion: Valahia University of Targoviste

Ovidius University Annals, Economic Sciences Series, 2013, vol. XIII, issue 1, 1432-1435

Abstract: In the economic context of competitive market of today and from the perspective of European integration, even big companies can get in trouble. Because their executives or managers are not able to deal with difficult issues by taking effective and timely measures, companies may not keep the position in their field of activity and end up in a situation of lack of liquidity, record profit decreases or excessive debt. If they are not recovering quickly, even viable companies lose the moment of market and especially the possibilities to generate cash and the creditors, bondholders, investors, management and employees are forced to seek solutions to recover various rights to society.

Keywords: Company in difficulty; Insolvency; Reorganization; Restructuring Strategies; Liquidation. (search for similar items in EconPapers)
JEL-codes: M41 (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:xii:y:2012:i:1:p:1432-1435

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