What is bankruptcy?

Any crisis is very prolific in the bankruptcy. Burst like soap bubbles, the most powerful companies, the most reliable company. Economically, the same sense, bankruptcy - it's just the inability to pay its debts. From the history books, we know that the word "bank" derives from the Latin. "Bench" on which sat and waited for its first customers ancient sharks. A bankruptcy bukalno means "broken bench." Alleged at the time destroyed me with grief carried the splinters in his "office" furniture. Bankruptcy as a way out Although the word "bankruptcy" and it sounds terrible, but it's primarily a way out of difficult situations. Let's say the company "71", confident in their abilities, gaining credits. But there are problems. Product loses in price and quality competitors, sales are down, investments do not bring benefits. And then call the banks and demand their money back. And there's no money and nowhere to take. What should I do? Sit down, as in Russia, the "debt trap"? Output bankruptcy. Stage of the bankruptcy firm apply to the court to recognize her bankrupt. But the court then the court. He said does not believe and rely only on the special attributes of bankruptcy. For example, if the debts of the company "71" for more than just property. At the same time the court appoints a bankruptcy procedure. They are only 5. The most horrible - the bankruptcy proceedings. The most simple - watching. According to their results, you can either lose the entire company or solve all the problems and work on. Some "comrades" is fictitious and intentionally starving their business. But such "jokes" The Criminal Code does not approve.