IDEAS home Printed from
   My bibliography  Save this article

The evolution of concepts and procedures concerning the treatment of companies in difficulty


  • Silviu Ilie Saplacan

    (Aurel Vlaicu University from Arad)


A healthy market economy is characterized by free and rapid circulation of goods and money in a circuit that continuously repeats: production-goods-money-production. In this cycle, the commerce is the motor of market economy, but the commerce freedom has given rise to competition, and this has generated commercial risk. Thus, commerce appears as an economic activity involving more or less predictable risk. Under risk an economic activity may be bankrupt when it no longer ensures procurement of necessary funds to resume the initial cycle. In general, a business failure comes after a process of continuous degradation of its economic and financial status, process predictable based on anticipated failure symptoms. Whereas in the past 20 years the issue of bankruptcy was the area of interest to many researchers and practitioners and has been addressed legally, economically and financially, we wonder why in an economy where the operators’ inability of payment is chronic, and clearly the capital of the companies decreases, their managers and clients prosper and nobody is punished for fraudulent bankruptcy.

Suggested Citation

  • Silviu Ilie Saplacan, 2017. "The evolution of concepts and procedures concerning the treatment of companies in difficulty," Social-Economic Debates, Association for Entreprenorial Spirit Promotion, vol. 6(1), pages 1-5, April.
  • Handle: RePEc:sdb:social:v:6:y:2017:i:1:p:1-5

    Download full text from publisher

    File URL:
    Download Restriction: no

    File URL:
    Download Restriction: no

    More about this item


    Market economy; bankruptcy; predictable risk;

    JEL classification:

    • D20 - Microeconomics - - Production and Organizations - - - General
    • D57 - Microeconomics - - General Equilibrium and Disequilibrium - - - Input-Output Tables and Analysis
    • D62 - Microeconomics - - Welfare Economics - - - Externalities


    Access and download statistics


    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:sdb:social:v:6:y:2017:i:1:p:1-5. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Adi Sava). General contact details of provider: .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.