НУЖНОСТ ЕФИКАСНИЈЕГ ВОЂЕЊА СТЕЧАЈНОГ ПОСТУПКА У ФУНКЦИЈИ ОПОРАВКА ПРИВРЕДЕ
THE NECESSITY OF INTRODUCING A MORE EFFICIENT BANKRUPTCY PROCEDURE AS A FUNCTION OF ECONOMIC RECOVERY

Summary/Abstract: Bankrupt process is something that all economic encounter, but efficiency in leading such processes is not everywhere the same. The efficiency of bankruptcy proceedings can be measured by taking in account three factors: duration, cost and outcome. Since one company can not conduct business with itself the financial problems it falls in will have impact on other companies. Therefore it is reasonable to observe bankruptcy procedures as a function of economic recovery, because it can end up by reorganisation, not just bankruptcy (liquidation). The work is divided in three parts. The first part gives a brief theoretical explanation on bankruptcy procedures and how it operates. Displayed are the most important legal and accounting determinates of bankruptcy procedure and defines reorganization. The second part is based on the analysis of the present state of the bankruptcy proceedings. While the last part gives proposal measures for an efficient introduction.

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