THE THEORETICAL ASPECTS OF MEASURING THE COSTS OF CORPORATE BANKRUPTCY

This article presents the issue of costs of enterprise bankruptcy. The purpose of this paper was to overview bibliography concerning the costs of corporate bank-ruptcy. According to literature, the author has pointed out that costs of bankrupt-cy can be divided into different groups, e.g. indirect and direct. The paper indi-cates the following corporate bankruptcy costs allocation criteria: time span, type of proceedings and the accounting perspective at the microeconomic level of analysis. The author has paid attention to models evaluation of costs of corporate bankruptcy. It is worth emphasizing that measurement of indirect costs of enter-prises bankruptcy is a very complex issue.