TCR – testul capacităţii de reorganizare. Un nou model de analiză a capacităţii de reorganizare a companiilor prin procedurile de insolvenţă
TCR – the reorganization capacity test. a new model for assessing companies’ reorganization capacity through insolvency procedures

Summary/Abstract: Amid debates on new government policy packages and the revision of insolvency legislation, entrepreneurs face increasing pressure as the conditions for market exit become more stringent. Streamlining these procedures should be a sine qua non for an efficient economic system. Markets must offer underperforming firms a straightforward exit route, allowing resources – human capital, financial capital, and productive assets – to be redeployed quickly toward viable initiatives.In this context, ensuring the sound functioning of the business ecosystem requires robust decision making tools. Such tools are needed not only to offset regulatory rigidity, but also to assess objectively a company’s genuine prospects for survival.This article revisits the central decision in insolvency proceedings – judicial reorganization or bankruptcy (liquidation). Recent research supports decision making frameworks that combine quantitative and qualitative variables with comprehensive risk analysis, as an alternative to approaches relying primarily on financial indicators. Accordingly, this paper proposes a new, scientifically validated model for assessing a company’s capacity to reorganize through insolvency proceedings: the Reorganization Capacity Test (TCR).

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