a result of inefficient economic activity and therefore unqualified actions of the management team, a manufacturing company may be the case that no financial leverage is no longer valid, and there comes a time forced uncompensated seizure or otherwise going to put the confiscation of property of the enterprise.This process can affect how completely all the property of the company, resulting in its complete bankruptcy, so can be withdrawn only part of the property to pay off any outstanding debt arose.
There come those unpleasant moments in the life of the owners and employees, as confiscation of property as a result of any offense under administrative or criminal offense of grave and especially grave crimes committed by the management or owner of the company for profit or as a result of causingfinancial or physical damage in large volumes.
Even if a judgment rendered in favor of the enterprise, the company's management may face a situation where due to lack of funds or inability to use the borrowed money is still there comes a point of bankruptcy, followed by confiscation of property and businesses.Although there
business strategy when the company is profitable to avoid the bankruptcy of its industrial structure to get rid of illiquid assets.That is literally a fictitious bankruptcy and all assets of the company derived from its turnover intentionally.In the judiciary, as a rule, does not suffice in this case, the leverage on the company's management and the entire responsibility of the head of production consists of property risks in the company, and not personal property.In June 2009, amendments were made to the law "On Bankruptcy enterprises".According to it, there was such a definition as a "controlling person of the debtor ', which may be the manager or owner of the company which is carrying out activities in the past two years and led to a production loss.Also, changes have been made in which the shortage of the company's assets after the forfeiture to repay its debt requirements for collecting traded on private property owner or manager of the company.But even such drastic measures do not affect the massive bankruptcy of enterprises.Economically and legally it is very beneficial procedure for the elimination of inefficient assets in the form of various assets, regardless of their qualifications.
Property classification divides the company's assets are divided into the owned and leased.Confiscation of the property of the judgment affects only its own assets.Moreover, the confiscation is imposed on non-current assets, such as buildings and structures, machinery and equipment, inventory and more, and in current assets such as inventories of raw materials, fuel, goods in stock, and even financial assets.Be confiscated any property of the company suitable for the concept of property, including assets in the bank accounts of the enterprise, the goods already shipped to customers or invested funds in the construction in progress, insurance policies and equity investments in other companies, as well as assets held in public or private securitiespaper.
remaining after the confiscation of property of enterprises' is transmitted to the person who has the legitimate right, as a rule, the founders of the enterprise or company that is authorized to act on behalf of the owner.
