TY  - JOUR
T1  - Ways of Financial Recovery and Prevent Bankruptcy
AU - Gaukhar, Alimbekova AU - Adilya, Baidildina AU - Urazgul, Dzhakisheva 
JO  - Journal of Engineering and Applied Sciences
VL  - 12
IS  - 3
SP  - 653
EP  - 659
PY  - 2017
DA  - 2001/08/19
SN  - 1816-949x
DO  - jeasci.2017.653.659
UR  - https://makhillpublications.co/view-article.php?doi=jeasci.2017.653.659
KW  - Financial restructuring
KW  -bankruptcy
KW  -crisis management
KW  -diagnostics
KW  - strategy
KW  -risk factor
KW  -analysis
KW  -financial-economic activity
KW  -finances
KW  -marketing
KW  -financial problems
KW  -economic growth
KW  -efficiency
AB  - The study deals with the main approaches to find ways of financial recovery and prevent bankruptcy.
In particular, consideru: strategic orientation of financial recovery; the causes of the bankruptcy and the crisis
situation in the world; implementing and crisis management; factors that not only have a direct impact on the
financial position and financial stability and destroy the enterprise; diagnostic activities of the company; the
necessity for a financial analysis using a specific set of indicators; choice of tactics out of the crisis; additional
search path to prevent bankruptcy and restore solvency of enterprises. Developed measures of crisis
prevention and bankruptcy at every stage of crisis management. It is recommended to introduce, develop and
continuously improve the practices of crisis management which is widely used abroad. A procedure for the
diagnosis of bankruptcy and proved that such a financial crisis prevention measure in the enterprise requires,
first of all, to establish a mutual commitment and trust between management and stakeholders (customers,
suppliers, creditors, shareholders, investors, government control and regulation). Also, as a scientific novelty,
the researcher developed the formula for calculating the coefficient of efficiency of financial recovery, the
practical application of which will help not only to choose effective methods and tools out of the current crisis,
to determine the feasibility of their implementation and cost of the process of financial recovery.
ER  -