Open AccessKryzys finansowy a restrukturyzacja przedsiębiorstw w stanie upadłości
Author(s) -
Kinga Bauer
Publication year - 2010
Publication title -
prace komisji geografii przemysłu polskiego towarzystwa geograficznego
Language(s) - English
Resource type - Journals
eISSN - 2449-903X
pISSN - 2080-1653
DOI - 10.24917/20801653.15.18
Subject(s) - insolvency , bankruptcy , restructuring , competitor analysis , business , creditor , financial crisis , accounting , financial system , economics , finance , marketing , debt , macroeconomics
Bankruptcy of enterprises is generally recognized as a negative phenomenon. In practice, the institution of bankruptcy aims at protecting interests of the market game participants. It eliminates from the market the enterprises which are not able to conduct their activities effectively. This way, it also protects other entities from establishing relationships with a company which is unable to rival its competitors. The article concerns problems of insolvent and bankrupt companies in the financial time crisis. It brings up theoretical and practical aspects of this issue. Some enterprises are not able to survive as before in the period of economic crisis. In 2009, the number of insolvent and bankrupt companies grew up rapidly. Restructuring can be a response to a crisis or major change in the business, such as insolvency and bankruptcy.The article focuses on the results of basic and scientific research conducted at the Law Court in Cracow at the Department of Insolvency and Bankruptcy.