Financial analysis and audit in bankruptcy proceedings of an enterprise

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Financial analysis - the study of financial performance of the organization. Analysis of the financial situation in the stage of bankruptcy allows you to establish the solvency of the enterprise, its costs.

The service of audit in bankruptcy provides in Kiev our company "Legal Solutions".

Features of the analysis of the enterprise in bankruptcy in Ukraine

Most often this service is ordered by commercial organizations. They ask for help at the stage of predicting bankruptcy. Sometimes it is even possible to bring the financial performance of the enterprise in the plus at this stage. But for this it is necessary that the client clearly complied with our recommendations for the recovery of the business.

How can you realize that bankruptcy of the enterprise is close?

Bankruptcy is likely if:

• there are recurring losses in the core business;
• there are chronically overdue debts;
• liquidity ratios are declining;
• the share of borrowed capital increases;
• there is a working capital deficit;
• there are unfavorable changes in the order portfolio;
• the company is overly dependent on one project or raw material market;
• major counterparties have been lost;
• equipment and production capacities are not updated;
• the key positions are occupied by employees who do not have the appropriate experience and qualifications.

What results can be obtained after analyzing the enterprise in bankruptcy?

The cost of our services is fully recouped by their high efficiency. We conduct a full examination of insolvency. According to the results of the audit it is quite realistic to increase the bankruptcy estate. We will conduct an examination of all transactions that are suspicious and in the first place could lead to bankruptcy.

For this purpose it is necessary to carry out:

• tax analysis;
• legal analysis;
• financial analysis.

If the insolvency procedure is initiated by the debtor, it means that its purpose is to write off debts not paid by the debtor. The debt may be owed to creditors, tax authorities or counterparties.

After the analysis we make a forecast of the consequences for the director and the participants.

Learn more about the audit of the financial position in bankruptcy from our lawyers now. They will assist you as much as possible and suggest measures that can be taken to minimize financial losses. In particular, an audit of the commercial organization or enterprise will be carried out, which will establish whether there were reasons for the fictitious bankruptcy of the company. The audit will be carried out exclusively within the framework of the current legislation in the shortest possible time. Based on the results of our work, we will provide a detailed report.

If necessary, we will draw up a petition to declare the debtor bankrupt and select a bankruptcy trustee.

Please contact us for qualified assistance:

• • by phone;
  • by e-mail;
  • via online chat.

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