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 […]