ANALYSIS OF THE CAUSES OF THE BANKRUPTCY OF THE ORGANIZATION IN TERMS OF CRISIS MANAGEMENT
In modern conditions of the enterprise are subjected to stiff competition, changes in market conditions. Their activities are influenced by many external and internal factors that can trigger bankruptcy. The article describes the main factors that cause bankruptcy. Generally, the financial failure of an organization is tied to failure in a necessary amount and in a timely manner its financial obligations. Managers and owners of companies need to remember that if the debtor does not perform obligations in a timely manner, the lenders have the right to require performance in court. The article describes the types of obligations of the organization and their content. In violation of the terms of execution of obligations can cause a business partner risks. Thus, the above degree and often delays the performance of obligations, the sketchier than it looks in the eyes of partners. Such an organization loses its business reputation acts as an unreliable partner, in good faith by the payer and the employer. This may entail the failure of business partners from cooperation, and cause fines and other sanctions under the laws and treaties. The article reveals the main causes of bankruptcy organizations. The article revealed that collectively, the key causes of insolvency are characteristic of virtually all organizations who have difficulty timely calculation of its liabilities. In turn, the massive bankruptcy of enterprises has a negative social problem. The article discloses the essence of crisis management, defined by its value in organizations close to the state of bankruptcy. The process of implementation of crisis procedures is called anti-crisis process. Crisis management is done in stages. The article highlights the key areas of crisis management.