Bankruptcy as a way of restructuring corporations

In the article the questions of enterprise management in the conditions of financial crisis, ways to prevent bankruptcy and liquidation. In addition, attention is paid to the study of the basic stages, objectives and procedures of bankruptcy. The threat of bankruptcy encourages not only businesses, but also governments to take measures to restore the active balance and to improve business operations. Restructuring involves complex and interrelated changes of structures, providing functioning of the enterprise as a whole.