Management summary research study „Developing preventive pre-insolvency and insolvency-restructuring processes at companies facing financial problems; possibility of increasing the use and success rate of such processes by establishing an EVS and by laying down preventive-restruc. methods “

The project analyzed financial (economic) and legal reasons why revitalization solutions are employed by less than 1% of companies that face insolvency and go bankrupt. Further, the project team created a mechanism of early-warning systems (EWS) that includes the debtor´s (or its management´s) accounting and audit obligation as the key precondition for starting a preventiverestructuring process attended by relevant third parties such as financial (tax) authorities and social security agencies.

The team compared EWS in relevant EU countries and lay down preventive-restructuring methods (legislative) designed to enable debtors to restructure their companies in the early stages in order to prevent bankruptcy and liquidation.

Target groups of stakeholders: State administration, entrepreneurs, management, financial sector

Citation: SCHÖNFELD, Jaroslav, KUDĚJ, Michal, SMRČKA, Luboš, HAVEL, Bohumil, LOUDA, Lee, VÍTKOVÁ, Klára, ZEZULKA, Ondřej, SEDLÁČEK, Dušan, TOMOLA, Jiří. Vývoj preventivních předinsolvenčních a insolvenčních restrukturalizací podniků ve finančních obtížích, možnosti zvýšení využívání a úspěšnosti těchto postupů pomocí stanovení systému včasného varování a stanovení postupů pro preventivní restrukturalizace. Praha: Vysoká škola ekonomická v Praze, 2021. 264 s.