Reorganization (from the Latin sanatio – treatment, recovery) is a system of measures aimed at preventing the liquidation of an enterprise due to the onset of ghosts of bankruptcy. At the same time, either the owners of the enterprise, or creditors, or other persons (including executive authorities) provide the debtor with targeted financial assistance, provide […]
Category: Economics of enterprises
Bankruptcy proceedings
In accordance with the Law of the Republic of Belarus “On Economic Insolvency (Bankruptcy)”, the system of measures for the bankruptcy of an enterprise involves a number of procedures. The bankruptcy procedure is an event applied in relation to the enterprise – the debtor. The main purpose of these measures is to resolve property disputes […]
Signs of bankruptcy
The financial position of the enterprise depends on the results of its production, commercial and financial activities. Uninterrupted production and sale of high-quality products have a positive effect on the financial condition of the enterprise. Failures in the production process, deterioration of product quality, difficulties in its implementation lead to a decrease in funds on […]
Bankruptcy: the concept, causes and factors causing it
Bankruptcy is the insolvency of the debtor, which has or acquires a stable character, recognized by the economic court or lawfully declared by the debtor. In economically developed countries, bankruptcy is considered as a normal phenomenon of economic life. It is designed to play a crucial role in the system of functioning of the economy […]
Diversification of production
Diversification of economic activity is the expansion of the activity of large firms, associations, enterprises and entire industries beyond the core business, which is understood as the production of goods and services that have the maximum share in net sales compared to other types of products. Diversification – in a broad sense – a strategic […]