期刊名称：Ovidius University Annals: Economic Sciences Series
电子版ISSN：2393-3127
出版年度：2012
卷号：12
期号：2
语种：English
出版社：Ovidius University Press
摘要：At some point in their history,most successful companies suffer a decline or stagnation of their performance. This causes anxiety at the organizational level,through continuous development of new companies in an environment with limited resources implies a slower growth or even stagnation and disappearance of the old company. Especially,must not overlook the fact that Romania's economy has been for over 20 years in a stage of continuous adaptation,determined to replace the centralized economy to market economy mechanisms. If until modern times the aim of bankruptcy procedure was to pay debtor’s liabilities due to the liquidation of available assets,at present,in Europe,legislation is no longer limited to measures to regulate the treatment of insolvency,but establishes procedures applicable to the debtor not insolvent yet.
关键词：Companies in difficulty;Insolvency;Judicial reorganization;Reorganization strategies;Liquidation.
