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Market economy is a competitive economy, the survival of the fittest can hardly be avoided in the action of law of value. Bankruptcy liquidation become an important way for enterprises of business failure withdraw from the market. When the enterprises facing difficulties in production and management, capital chain rupture, into a debt crisis, the verge of collapse under the extrusion of multiple factors, the creditor may apply for bankruptcy of the debtor to protect their legitimate rights and interests. At the same time, the debtor may also through bankruptcy find the opportunity of reconciliation with creditor and reorganization, strive to out of financial distress though continue operating, implementation stage a comeback. But compared with the ongoing businesses, the body of internal control and the relationship between human has undergone significant change when the enterprises entered bankruptcy proceedings. The bankruptcy liquidation is prone to fraud, bribery, illegal liquidation which serious harm to the creditor rights, resulting in the loss of state-owned assets, defiled the bankruptcy legal system, harm social stability.
When the enterprise is unable to repay debts, and its assets are insufficient to pay off all the debts or lack of liquidity, the entrepreneurial organization needs a set of scientific and effective method to get out of debt, reconstruct trade credit, implement enterprise regeneration through the procedures of bankruptcy liquidation, bankruptcy reconciliation and reorganization......
Enterprises bankruptcy consulting programme of SLEEING
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