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    Bankruptcy and Closing Down of the Enterprise

    Category: Finance
    Date: 23 January 2009
    Bankruptcy
    1) Observation which one purpose is to make so that the firm property was in an integrity and preservation, and to spend the financial analysis. In the course of the yielded stage the arbitration court assigns temporary controlling firm. It BTW does not mean, that the former chief should be discharged. At observation integrity of property and balance of financial circumstances of firm (for example, dividends are not produced and the firm structure will not be reorganised) is not disturbed. At violation of these regulations administration discharge of posts. Upon termination of observation the arbitration manager grants the record on financial circumstances of firm in court and makes a bid ABT (not) possibilities of regeneration of solvency. B4 arbitration court meeting on which one this record will be considered, the collection of plant managers is assembled. They decide – whether to introduce on him exterior handle or bankruptcy proceedings.
    2) Exterior handle which one purpose is solvency regeneration. The choronomic manager is thus assigned and all operating controls firm should terminate the authorities. The moratorium on payments to creditors, except for payments on z/p both reimbursements of harm of life and to health is introduced. During exterior handle various measures are undertaken: a production reshaping, closure unprofitable, abandonment of debt receivables and property or firm sale.
    If after that we allow all debts – bankruptcy routines ceases. If is not present, bankruptcy proceedings start; the agreement of lawsuit consists; smashup of a business admits.
    Bankruptcy proceedings which one purpose is the meeting requirements of creditors. After discovering k.p. The date of performance of all payings is considered occurred. The competitive manager is assigned assigned, which one receives authorities on handle of all businesses of firm. It collects indebtedness against this architecture and searches for the property of firm which is temporarily being for other proprietors. It 2 advises workers on dismissal. After that all property is sold on open tendering (auction). The record in arbitration court which one bears in this halter «definition ABT bankruptcy proceedings end» is granted. Within 7 days it is granted in the state organs of filing.
    The Agreement of lawsuit can consist at any phase of bankruptcy. It conclude only after debt-service to creditors (on z/p and to harm reimbursement). M. W. Generally represents the sizes, order, a date of performance of bonds or their extinction by submission of a compensation, debt forgiveness or of postponing. The arbitration court 2 can dismiss m. W., if it restrains some creditors.
    The Arbitration court recognises bankruptcy (it can be executed at any phase of routine).
    Abandonment 1) on solution of founders (period of activity of firm or firm has effused has achieved the object or its filing is invalid)
    2) on a court decision (there is no licence for activity or its activity it is unlawful)
    3) under the award (bankruptcy routine)
    Abandonment phases:
    In writing decision making ABT abandonment in organs of filing and taxing authority intercommunicates
    Periods of abandonment Are installed and the liquidation commission is formed
    In writing intercommunicates to creditors ABT abandonment
    The intermediate liquidating balance and the data requirements list of creditors Is constituted and there is an offset of indebtedness
    The final liquidating balance which one affirms founders Is constituted and will be adjusted with the state organ of filing
    To the Liquidator the circular on removal of architecture from the governmental accounting is produced



    Tags: Finance, money, dollar, euro, credit, bank, Capital Market, Banking System, Bank Marketing, Insurance, Macroeconomic, Creditors, cash, Management, Currency Risk Finance

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