Bankruptcy Information

Bankruptcy or failure – the inability to satisfy creditors in payment of goods. Including including failure to provide mandatory payments to non-budget funds and budget, in connection with The poor design of the balance of the debtor or the excess of liabilities over its assets. In Ukraine, there is even a special body, which is designed to monitor the bankruptcy proceedings, but, unfortunately, even he is often unable to influence the results. Bankruptcy forced to admit, many companies came as a result of the global financial crisis, and therefore proceed to liquidation. This process very long and complicated, the average liquidation of the enterprise lasts about a year. The first thing the company has done an audit of productive assets and the residual funds in order to determine the exact financial condition of the enterprise. To implement the final settlement and determination of the debt of the company information are placed in various publications. After receiving the information transmitted in the order of application to the appropriate authority, which works with liquidation of the enterprise.

Analysis of the data makes government officials. In some cases a more detailed definition of the situation and to obtain more recent information, and then the documents are sent to update. Need to find reliable information in this connection, it is now bankrupt company. Need to determine whether an enterprise has outstanding debts and loans to third parties. After registration and passing completely across enterprise liquidation procedure documents in the archives of more than five years. Actions bankruptcy law applies to absolutely all legal persons, exceptions are only state-owned enterprises, institutions, political parties and religious organizations. Bankruptcy system is extremely delicate thing with a lot of nuances, details and tricks. Does not know the person behind it is not even worth taking. Much more profitable in the material and financial plan to hire a qualified professional. Specializes in bankruptcy will consult, make the necessary documents and statements and provide representation in court.