Special procedures, methods of bankruptcy prevention for credit insitutions and companies – a comparative analysis -
Special procedures, methods of bankruptcy prevention for credit insitutions and companies – a comparative analysis -

Summary/Abstract: Along time, the treatment of merchants in a difficult position has witnessed interesting developments. In many cases, the state of insolvency has become treatable, and that is why insolvency became different from bankruptcy. Next in time, a new development was the redress procedure or judicial reorganization, which aimed at ensuring the survival of merchants who deserve to be saved . Warning on crisis situations for a trading company can come from external sources (banks, external auditors) or from internal sources (accounting information, internal auditors or audit). The insolvency prevention measures are the debtor’s options, under the general law, while in the case of credit institutions, they are obligations imposed by the special law of the Prudential Supervisory Authority.

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