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This chapter is based on primary research focusing on the effect of bankruptcy regulatory changes in Hungary after the … are seemingly irrelevant in decision-making. The bankruptcy procedure has become a useful tactic for the owner … bankruptcy procedures in Hungary. A model in which financially rational decisions is not dysfunctional. We find that time is the …
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The purpose of this study is to analyze the judicial reorganization process in Romania and how the state supports the companies in financial difficulty. Judicial reorganization has been created as a legal tool for traders in insolvency but whose businesses are capable of overcoming difficult...
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