Abstract:
In case a company reached to far in the view of rehabilitation, then it
has to be closed. It is indicated that liquidation has to take place when the
company values more dead than alive or when the possibility of achieving the
profit is much more distanced.
A) Liquidation outside the law of bankruptcy and of insolvability: By
this procedure, the costs as concerns the bankruptcy procedure are gained in
time. Liquidation can be made on two ways: the mandate and voluntary
liquidation. B) Liquidation by the law of bankruptcy and of insolvability: The
law of bankruptcy has three main functions during liquidation, meaning:
In conclusion, the bankruptcy mechanism doesn’t have to be abuse
used, in the view of making easy certain taking of control. The signs for
staring the bankruptcy have to be also adequately established for not forcing
the bankruptcy start of certain companies potentially available. The instances
have to manifest a careful, responsible and professional attitude, thus
offering to the enterprise time interval, in the view of saving by
reorganization, thus increasing the chances of supervising the business.
