influenced the real insolvency situation. This situation creates disruptive conditions in insolvency counselling and requires … comprehensive risk management for the strategic safeguarding of internal processes in insolvency counselling companies. Despite a … number of academic articles that address a lack of risk awareness in insolvency counselling, there have been no valid …

During economic downturns, firms file for bankruptcy in an effort to attempt a "turnaround". The objective of this … study is to assess the effectiveness of retrenchment strategies in the context of bankruptcy, as the most severe form of …