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A critical analysis of the reasons why companies fail/go into administration/liquidation. 
Relevance to differentcountries/regions

Дипломная: A critical analysis of the reasons why companies fail/go into administration/liquidation. Relevance to differentcountries/regions
Дипломная ΠšΡƒΠΏΠΈΡ‚ΡŒ Π³ΠΎΡ‚ΠΎΠ²ΡƒΡŽ Π£Π·Π½Π°Ρ‚ΡŒ ΡΡ‚ΠΎΠΈΠΌΠΎΡΡ‚ΡŒΠΌΠΎΠ΅ΠΉ Ρ€Π°Π±ΠΎΡ‚Ρ‹

When the economy was active officials in the delta — which accounts for one-third of China’s exports — were inclined to take a laisser faire approach to industrial disputes. But now that they find themselves on the frontline of China’s slowdown, they are adopting a more interventionist posture to pre-empt potential social unrest in their own backyard. Emergency funds to pay workers' salaries are… Π§ΠΈΡ‚Π°Ρ‚ΡŒ Π΅Ρ‰Ρ‘ >

A critical analysis of the reasons why companies fail/go into administration/liquidation. Relevance to differentcountries/regions (Ρ€Π΅Ρ„Π΅Ρ€Π°Ρ‚, курсовая, Π΄ΠΈΠΏΠ»ΠΎΠΌ, ΠΊΠΎΠ½Ρ‚Ρ€ΠΎΠ»ΡŒΠ½Π°Ρ)

Π‘ΠΎΠ΄Π΅Ρ€ΠΆΠ°Π½ΠΈΠ΅

  • Contents
  • I. ntroduction
  • Chapter 1. Bankruptcy in the USA
  • Chapter 2. Bankruptcy outside the USA
  • Conclusion
  • Bibliography

Because of all that, in T. Mitchell’s opinion, most businesses of China, for instace, are on the brink of liquidation.

When the economy was active officials in the delta — which accounts for one-third of China’s exports — were inclined to take a laisser faire approach to industrial disputes. But now that they find themselves on the frontline of China’s slowdown, they are adopting a more interventionist posture to pre-empt potential social unrest in their own backyard. Emergency funds to pay workers' salaries are being established and officials are actively monitoring factories to identify troubled ones before they go bust. (2008)

In China, lots of businesses fail to carry out liquidation procedures, their operations having stopped because of poor management or ineffective cooperation among the shareholders. (Guthrie, 2008) A company sometimes has a chance to remain in operation and refuse to initiate liquidation procedures although it has had its business licence revoked or has been ordered to close down. Under these circumstances, the realization of a company’s assets is not quite clear. Therefore, creditors cannot say when they will be paid-off and shareholders are prevented from distributing the residual value of their invested capital fairly. In order to protect the interests of creditors, the PRC Company Law provides that should a company fail to establish a liquidation committee within a certain period of time, its creditors may apply to the people’s court to appoint appropriate persons to form a liquidation committee and carry out the liquidation, that could have been avoided if the management had been more accurate when making up their mind whether to invest in some particular venture businesses, initiate acquisitions, participate in the mergers, selecting the ways to borrow money needed and thinking over of the potential failures to honour their pledges to the seemingly loyal creditors.

Potential risks for both the creditor and the debtor seems to be increasing if they turn down an opportunity to come to an agreement settlinged the case out of court, as that way they keep on cooperating and do not need to try to get a miserable compensation at a high cost, staking their money, carrying a risk of going bankrupt as well due to the growing risk of inability to settle up accounts with their own creditors, who can as well be tough, unwilling to solve their occurring problems in private.

To sum up, bankrupcy all over the world seems to be given rise to by inability of the debtor and the creditor to sustain their cooperation to mutual benefit. That inability can be generated by the distinctive features of law, which in some countries favours the creditors, while other countries enable the debtor an opportunity to avoid bankrupcy and liquidation procedures by trying to agree with the creditors, who are ready to make concessions so as to reduce their potential losses as much as possible.

Conclusion

The causes of bankruptcy, as well as company’s going into administration and liquidation, in general involve inadeqate solutions made by the company’s top management, inability to take into account potential risks connected with the choice of the new business strategy, resources of loans, distinctive fatures of the creditors selected.

But because of differences in law, which may be more creditor-oriented or debtor-oriented, the number of causes, their variety and significance differ from one country to another one.

In the cases, where the law lets creditors and debtors to revise and review their position, bankruptcy can be on time prevented, giving the both parties a better chance to recover and get the money loaned.

Retaining control over cash flow sustainability is very critical for the economy of each particular country, because otherwise it is doomed to the ever increasing stream of bankruptcies due to the increasing number of the companies running into debt and failing to cover their costs.

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ΠŸΠΎΠΊΠ°Π·Π°Ρ‚ΡŒ вСсь тСкст

Бписок Π»ΠΈΡ‚Π΅Ρ€Π°Ρ‚ΡƒΡ€Ρ‹

  1. Bibliography
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