THE ANALYSIS OF FEATURES AND REASONS OF THE BANKRUPTCY OF NATURAL PERSONS
Journal Title: Вісник Київського національного університету імені Тараса Шевченка. Економіка. - Year 2015, Vol 4, Issue 169
Abstract
The bankruptcy law of natural persons has recently come into force in Lithuania. Therefore the possibilities of the application of the bankruptcy law of natural persons have not been analysed in detail. Only a detailed analysis helps to disclose the factors influencing the bankruptcy of natural persons and to foresee additional means in order to avoid the insolvency and bankruptcy of natural persons. The person proceeding bankruptcy experiences hardships and irreversible consequences: one loses the possibility of his property disposition, participation in commercial transactions and living according definite income. Bankruptcy is unprofitable not only to a person himself but it also exerts influence on the financial lender's' well-being. Therefore, a thorough assessment of significant circumstances is necessary, performing a multiple criteria analysis of bankruptcy experience not only in Lithuania but in other countries as well. It is noted that different countries apply different proceedings of bankruptcy law. Research methods: In the article following research models are used: historical, comparative, analytic, systemically, questionnaire and factor analysis.
Authors and Affiliations
Filomena Jasevičienė, Kristina Šlekytė-Jusienė
Keywords
Related Articles
- EP ID EP401083
- DOI 10.17721/1728-2667.2015/169-4/11
- Views 68
- Downloads 0
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