Valuation of Bancrupt Firms in Context of Adherence s Countries to the European Union

The firms and economic sectors that are in an advanced state of development and also have a good competitive position, have a lower degree of insolvency. But at the same time, new firms, the ones that activate in new sectors, are more exposed. As well, in the new context of adherence’s countries to the EU, increases the interest in the study of movements from the level of the maintenance of the performances of Central and East Europe entities on a competitive market and implicitly in the study of bankruptcy’ risk. We can notice a big increase in the number of bankruptcies from the commercial sector but must not be regarded as a negative aspect. The number of explosions of companies that was registered in all economies in transition from Central and Eastern Europe, made them represent the majority within the companies that were founded after 1989. This development has determined a strong competition, which was also triggered by the free access to the common market. In Romania, the number of bankruptcies in the last two years was strongly influenced by the positive effects of the new procedure which was simplified for the bankruptcy law. The purpose of this paper is focus on the main factors that provoke the bankruptcy’s entities by exemplify the insolvency level registered in Central and Eastern Europe countries, referring to Romania. Also, our paper offers comparison and explanation of movements in the level and structure of insolvency.