INSOLVENCY OF ENTERPRISES

Viktória Bobáková

Summary
Insolvency of enterprises in V4 countries is an important problem that requires solution. Its negative signs include limiting possibilities of the growth of enterprises, reduction in takings and profits, lowering of liquidity, growth of interest costs, and workforce reductions. As a protection from delayed payments, the enterprises make use of advance payments, factoring, recovery, credit insurance, and bank guaranties. Merely an improvement of the claim management cannot bring better results. Creating an appropriate legal framework along with implementation of ethics in business are the possibilities how to stabilize the insolvency.

Viktoria Bobakova.pdf