Restructuralization of the Companies in the Conditions of the Slovak Republic

Abstract

The article is focused on business crisis and the restructuralization of the companies. The business crisis is an inherent part of company's life cycle. The economic, technical, social, environmental and others problems occur in every company soon or later. According the statistics, each company achieves crises approximately every five years. Article is discussed about reasons of business crisis and the restructuralization process, which can improved the financial indicators of the company.

The legal restructuring framework in Poland: Does it help indebted enterprises avoid bankruptcy?

“…38 This regulation makes it possible to sell the debtor's enterprise or an organised part thereof by filing a motion for approval of the terms of sale as part of bankruptcy proceedings. This is of particular importance, as it can be considered to be preventive restructuring, 39 which enables the debtor's enterprise to be kept on the market (even under another business name), maintaining employment, and at the same time limiting the negative social effects associated with the bankruptcy of the entity through a change of ownership.…”