Bankruptcy > Modern insolvency legislation and debt restructuring practices

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Bankruptcy
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Modern insolvency legislation and debt restructuring practices

The principal focus of modern insolvency legislation and business debt restructuring practices no longer rests on the liquidation and elimination of insolvent entities but on the remodeling of the financial and organizational structure of debtors experiencing financial distress so as to permit the rehabilitation and continuation of their business.



Last Updated: 29.06.2008

This article is licensed under the GNU Free Documentation License. It uses material from the Wikipedia article Bankruptcy.

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