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Reconciliation as a tool for decision making within decision tree related to insolvency problems

Trends Economics and Management

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Title Reconciliation as a tool for decision making within decision tree related to insolvency problems
 
Creator Poláček, Tomáš; FBM VUT
Doubravský, Karel
Dohnal, Mirko
 
Subject Insolvency, restructuring, decision – making tree, probabilities, fuzzy, reconciliation
G33, G34
 
Description Purpose of the article: The paper draws on the results of previous studies recoverability of creditor’s claims,
where it was research from debtor’s point of view and his/her debts on the Czech Republic financial market.
The company, which fell into a bankruptcy hearing, has several legislatively supported options how to deal
with this situation and repay creditors money. Each of the options has been specified as a variant of a decisionmaking
tree. This paper is focused on third option of evaluation – The reconciliation. The heuristic generates
all missing information items. The result is then focused on the comparison and evaluation of the best ways to
repay the debt, also including solution for the future continuation of the company currently in liquidation and
quantification of percentage refund of creditors claim. A realistic case study is presented in full details. Further
introduction of decision making with uncerteinties in insolvency proceedings.
Methodology/methods: Solving within decision tree with partially ignorance of probability using
reconciliation.
Scientific aim: Comparison and evaluation of the best ways to repay the debt, also including solution for the
future continuation of the company currently in liquidation and quantification of percentage refund of creditors
claim.
Findings: Predictions of future actions in dealing with insolvency act and bankruptcy hearing, quicker and
more effective agreeing on compromises among all creditors and debtor.
Conclusions: Finding a best way and solution of repayment and avoiding of termination for both of interested
parties (creditor and debtor).
 
Publisher www.fbm.vutbr.cz
 
Contributor
 
Date 2016-05-20
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion


 
Format application/pdf
 
Identifier https://trends.fbm.vutbr.cz/index.php/trends/article/view/343
10.13164/trends.2016.25.33
 
Source TRENDY EKONOMIKY A MANAGEMENTU; Vol 10, No 25 (2016); 33-39
Trends Economics and Management; Vol 10, No 25 (2016); 33-39
2336-6508
1802-8527
10.13164/trends.2016.25
 
Language eng
 
Relation https://trends.fbm.vutbr.cz/index.php/trends/article/view/343/301