Open AccessResearch of companies’ bankruptcy and its procedure
Author(s) -
Lukas Giriūnas,
Aivaras Kazlauskas
Publication year - 2013
Publication title -
buhalterinės apskaitos teorija ir praktika/buhalterinės apskaitos teorija ir praktika
Language(s) - English
Resource type - Journals
eISSN - 2538-8762
pISSN - 1822-8682
DOI - 10.15388/batp.2013.13464
Subject(s) - bankruptcy , order (exchange) , business , actuarial science , statistical analysis , bankruptcy prediction , accounting , finance , mathematics , statistics
The article examines the companies’ bankruptcy, its procedure and the course of the latter, taking into account the fact that the problem of completion of the bankruptcy procedure has been encountered recently in Lithuania – only one third of the initiated bankruptcy procedures are finished. Such results of the done analysis of statistical data allow stating that the procedure of the companies’ bankruptcy requires for new researches. The main areas of bankruptcy procedure, which have to be improved, were determined and new assessment directions of it were provided. Thus the practical study was conducted in the article in order to learn the course of the bankruptcy procedure and the areas, which need improvement, in Lithuania, and for this purpose the analysis of statistical data and theoretical review of the companies’ bankruptcy were done.