owners will be able to keep their business
Posted: Sun Jan 19, 2025 9:56 am
There are no restrictions on the sequence of stages. The company can start with the first and go in order or after the first proceed directly to the last. Much also depends on the actions of administrative managers, creditors, and decisions of the arbitration court.
Of course, a company's financial recovery program is much better than bankruptcy. There are several reasons:
the organization will still operate;
workers will not be dismissed from the enterprise;
all debts (sooner or later) will be returned to creditors.
The advantage over other overseas chinese in worldwide data procedures is also considerable, because the managers will remain in their positions. They will be able to make decisions with minor restrictions on how to dispose of the property.
If bankruptcy occurs, the business will close, employees will be fired, and creditors will not get their investments back in full.
Read also!
"Examples of Marketing Strategies: From Apple to Barack Obama"
Read more
Nuances of applying the financial recovery procedure
In books and manuals on economics, you can find several interpretations of the term “financial recovery of a company”.
In a broad sense, it can be an intermediate link, replace or become part of a set of anti-crisis measures, bankruptcy prevention, bringing an organization out of crisis. This activity concerns restructuring, monitoring the financial state, etc.
In a narrow sense (specified in the Federal Law “On Insolvency (Bankruptcy)”), financial recovery is one of the procedures that can be applied in a situation where the economic situation of a company is unstable and everything leads to the bankruptcy of the firm.
Among these processes:
External management is a procedure for establishing the possibility of returning the debtor’s solvency within the timeframes stipulated by Federal Law (data from the Law “On Bankruptcy”).
A settlement agreement is a procedure aimed at terminating bankruptcy proceedings. It is clear that both the debtor and creditors must come to it. It can be implemented at any stage.
Increase Your Profits by 10X: 5 Key Metrics You Must Track
Alexander Kuleshov
Alexander Kuleshov
General Director of Sales Generator LLC
Read more posts on my personal blog:
After working with over 300 online projects , I can guarantee: monitor these metrics weekly and your company will not only survive, but also increase its profits by 10 times!
In the context of sanctions and crisis, knowing the ROI of your advertising decides whether your business will be successful. Tracking these 5 critical indicators is the key to your prosperity.
What you get for free:
5 Key Metrics to Increase Profits by 220%
The Secret ROI Formula: Instant Advertising Efficiency Calculator
Anti-crisis Solutions Matrix: Find the Perfect Strategy for Your Business in 15 Minutes
We have prepared all the documents and templates with formulas for you. And yes, it is FREE:
Download documents for free
Of course, a company's financial recovery program is much better than bankruptcy. There are several reasons:
the organization will still operate;
workers will not be dismissed from the enterprise;
all debts (sooner or later) will be returned to creditors.
The advantage over other overseas chinese in worldwide data procedures is also considerable, because the managers will remain in their positions. They will be able to make decisions with minor restrictions on how to dispose of the property.
If bankruptcy occurs, the business will close, employees will be fired, and creditors will not get their investments back in full.
Read also!
"Examples of Marketing Strategies: From Apple to Barack Obama"
Read more
Nuances of applying the financial recovery procedure
In books and manuals on economics, you can find several interpretations of the term “financial recovery of a company”.
In a broad sense, it can be an intermediate link, replace or become part of a set of anti-crisis measures, bankruptcy prevention, bringing an organization out of crisis. This activity concerns restructuring, monitoring the financial state, etc.
In a narrow sense (specified in the Federal Law “On Insolvency (Bankruptcy)”), financial recovery is one of the procedures that can be applied in a situation where the economic situation of a company is unstable and everything leads to the bankruptcy of the firm.
Among these processes:
External management is a procedure for establishing the possibility of returning the debtor’s solvency within the timeframes stipulated by Federal Law (data from the Law “On Bankruptcy”).
A settlement agreement is a procedure aimed at terminating bankruptcy proceedings. It is clear that both the debtor and creditors must come to it. It can be implemented at any stage.
Increase Your Profits by 10X: 5 Key Metrics You Must Track
Alexander Kuleshov
Alexander Kuleshov
General Director of Sales Generator LLC
Read more posts on my personal blog:
After working with over 300 online projects , I can guarantee: monitor these metrics weekly and your company will not only survive, but also increase its profits by 10 times!
In the context of sanctions and crisis, knowing the ROI of your advertising decides whether your business will be successful. Tracking these 5 critical indicators is the key to your prosperity.
What you get for free:
5 Key Metrics to Increase Profits by 220%
The Secret ROI Formula: Instant Advertising Efficiency Calculator
Anti-crisis Solutions Matrix: Find the Perfect Strategy for Your Business in 15 Minutes
We have prepared all the documents and templates with formulas for you. And yes, it is FREE:
Download documents for free