THE EFFECTS OF BANKRUPTCY AND REORGANISATION PLAN ON THE ECONOMIC SYSTEM OF SERBIA
Bankruptcy proceedings have widerange implications for the economic system of the country, from unemployment, competitiveness, the reform process, etc; in a word, it has broad social effects. Therefore, the law should provide effective, simple and flexible management of the bankruptcy proceedi...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
Faculty of Applied Management, Economics and Finance – MEF, Belgrade, University Business Academy in Novi Sad
2018-04-01
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| Series: | Journal of Process Management and New Technologies |
| Subjects: | |
| Online Access: | http://www.japmnt.com/images/Volume6/issue-2/7.%20THE%20EFFECTS%20OF%20BANKRUPTCY%20AND%20REORGANISATION%20PLAN%20ON%20THE%20ECONOMIC%20SYSTEM%20OF%20SERBIA.pdf |
| _version_ | 1818285920795754496 |
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| author | Aničić Dušan Nataša Simić Vesna Petrović |
| author_facet | Aničić Dušan Nataša Simić Vesna Petrović |
| author_sort | Aničić Dušan |
| collection | DOAJ |
| description | Bankruptcy proceedings have widerange
implications for the economic system of the
country, from unemployment, competitiveness, the
reform process, etc; in a word, it has broad social
effects. Therefore, the law should provide effective,
simple and flexible management of the bankruptcy
proceedings, with precisely established deadlines
and clear consequences of the actions taken. The
role of the state in bankruptcy proceedings is to
preserve general social interest, stability and safety
of the legal and economic systems. Reorganisation
of the enterprises should lead to financial recovery
of the debtor with the aim of its continuing to do
business, settle debts (completely or partially) and
become solvent and profitable afterwards. The
success of reorganisation depends, among other
things, on adequate financial analysis of the debtor.
Due to a large number of companies (and
considerable assets) in the process of bankruptcy
and reorganisation, these processes are very
important for the development of the economic
system in Serbia. |
| first_indexed | 2024-12-13T01:16:22Z |
| format | Article |
| id | doaj.art-7e68a1fe1f544b42aa2bc726acc0e282 |
| institution | Directory Open Access Journal |
| issn | 2334-735X 2334-7449 |
| language | English |
| last_indexed | 2024-12-13T01:16:22Z |
| publishDate | 2018-04-01 |
| publisher | Faculty of Applied Management, Economics and Finance – MEF, Belgrade, University Business Academy in Novi Sad |
| record_format | Article |
| series | Journal of Process Management and New Technologies |
| spelling | doaj.art-7e68a1fe1f544b42aa2bc726acc0e2822022-12-22T00:04:20ZengFaculty of Applied Management, Economics and Finance – MEF, Belgrade, University Business Academy in Novi SadJournal of Process Management and New Technologies2334-735X2334-74492018-04-0162657010.5937/jouproman6-16561THE EFFECTS OF BANKRUPTCY AND REORGANISATION PLAN ON THE ECONOMIC SYSTEM OF SERBIAAničić Dušan0Nataša Simić1Vesna Petrović2DSN Konsalting, Belgrade, Serbia Faculty of entreneurship and real estate management, Union University-Nikola Tesla, BelgradeFaculty of entreneurship and real estate management, Union University-Nikola Tesla, BelgradeBankruptcy proceedings have widerange implications for the economic system of the country, from unemployment, competitiveness, the reform process, etc; in a word, it has broad social effects. Therefore, the law should provide effective, simple and flexible management of the bankruptcy proceedings, with precisely established deadlines and clear consequences of the actions taken. The role of the state in bankruptcy proceedings is to preserve general social interest, stability and safety of the legal and economic systems. Reorganisation of the enterprises should lead to financial recovery of the debtor with the aim of its continuing to do business, settle debts (completely or partially) and become solvent and profitable afterwards. The success of reorganisation depends, among other things, on adequate financial analysis of the debtor. Due to a large number of companies (and considerable assets) in the process of bankruptcy and reorganisation, these processes are very important for the development of the economic system in Serbia.http://www.japmnt.com/images/Volume6/issue-2/7.%20THE%20EFFECTS%20OF%20BANKRUPTCY%20AND%20REORGANISATION%20PLAN%20ON%20THE%20ECONOMIC%20SYSTEM%20OF%20SERBIA.pdfbankruptcyreorganisationeconomic systemSerbia |
| spellingShingle | Aničić Dušan Nataša Simić Vesna Petrović THE EFFECTS OF BANKRUPTCY AND REORGANISATION PLAN ON THE ECONOMIC SYSTEM OF SERBIA Journal of Process Management and New Technologies bankruptcy reorganisation economic system Serbia |
| title | THE EFFECTS OF BANKRUPTCY AND REORGANISATION PLAN ON THE ECONOMIC SYSTEM OF SERBIA |
| title_full | THE EFFECTS OF BANKRUPTCY AND REORGANISATION PLAN ON THE ECONOMIC SYSTEM OF SERBIA |
| title_fullStr | THE EFFECTS OF BANKRUPTCY AND REORGANISATION PLAN ON THE ECONOMIC SYSTEM OF SERBIA |
| title_full_unstemmed | THE EFFECTS OF BANKRUPTCY AND REORGANISATION PLAN ON THE ECONOMIC SYSTEM OF SERBIA |
| title_short | THE EFFECTS OF BANKRUPTCY AND REORGANISATION PLAN ON THE ECONOMIC SYSTEM OF SERBIA |
| title_sort | effects of bankruptcy and reorganisation plan on the economic system of serbia |
| topic | bankruptcy reorganisation economic system Serbia |
| url | http://www.japmnt.com/images/Volume6/issue-2/7.%20THE%20EFFECTS%20OF%20BANKRUPTCY%20AND%20REORGANISATION%20PLAN%20ON%20THE%20ECONOMIC%20SYSTEM%20OF%20SERBIA.pdf |
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