BANKRUPTCY OF ENTERPRISES: PREREQUISITES AND TOOLS FOR PREVENTION
Abstract and keywords
Abstract (English):
The bankruptcy estate is managed by a trustee or a person in the possession of the debtor, who has a fiduciary duty to maximize the value of the bankruptcy estate in the interests of creditors. The role of the insolvency representative: The insolvency representative plays a central role in accounting in the bankruptcy process. He is responsible for proper bookkeeping, preparation of interim reports, and cooperation with the court and the faithful. Transparency and disclosure of information, an important principle of accounting in bankruptcy is transparency and disclosure of all relevant information. Creditors should receive regular information on the status of the insolvency case and the progress of the court proceedings.

Keywords:
Bankruptcy, documentation, reporting, manager, accounting, audit, assets, debtor, reorganization of the enterprise
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