САНАЦИЈА КАО МОДЕЛ ИЗЛАСКА ПРЕДУЗЕЋА ИЗ КРИЗЕ
REHABILITATION AS A COMPANY’S MODEL FOR GETTING OUT OF THE CRISIS

Summary/Abstract: The word ‗rehabilitation‘ is of Latin origin (Sanatio) meaning treatment; nevertheless from the standpoint of company‘s economy rehabilitation is considered to be economic, technical and organizational measures that need to contribute to the recovery of the company, meaning that it once again becomes liquid and profitable. The company is considered sick if it is unable to meet its obligations and operates with a loss for a longer period of time. The causes of the disease can be external and internal. Financial difficulties, which are manifested in the lack of liquidity and unprofitability, cause the need for rehabilitation. Start of rehabilitation suggests the eligibility of rehabilitation, which exists if permanent recovery of the company is possible. Determining eligibility of rehabilitation involves testing and selection of measures whose implementation provides a permanent recovery of the company, in terms of reestablishing of financial balance and returning to the profit zone. If permanent recovery of the company is not possible, bankruptcy happens. There is a difference between rehabilitation in one and rehabilitation in another sense. The first one, economic rehabilitation (rehabilitation in the broad sense) covers all measures that contribute to the detection and elimination of the causes of loss and ensure permanent recovery of the company. The second, financial rehabilitation (rehabilitation in the narrow sense) is directed to write off the loss and the establishment of financial balance.

• Details
• Contents