Work detail

Breaking-up activity of firm and the transaction costs

Author: Bc. Matej Kosturák
Year: 2011 - summer
Leaders: Ing. Ivo Koubek
Work type: Bachelors
Language: Slovak
Pages: 62
Awards and prizes:
Abstract: In my work I focus on the essential components of the bankruptcy and insolvency
problem. The basis for understanding of mentioned problem was study of capital
structure and it’s connection with world of insolvency. Secondly I focus on different
aspects of qualitative analysis of bankruptcy, starting with definition of different terms, many times unprofessionally misused, followed by description of four main processes
of bankruptcy. These processes connect fundamental causes of bankruptcy with
financial and nonfinancial consequences. For an economic paper, it is quiet extensively
concerned with insolvency law, concretely with new Czech norm, which is in force
since 2008. From legal definition of default, through initiation of insolvency proceeding
to the individual options of solution, the reader can clearly understand the core of this
paper. As particular contribution I regard part of the paper, where I examine 160 cases
of Czech companies and persons under liquidation process. Among the most significant
conclusion I consider finding of quite significant differences in the court proceedings of
Czech courts, the length of the insolvency proceedings and each of its phases and the
ratio of satisfied claims of secured as well as unsecured creditors.


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