THE EFFECTS OF THE FINANCIAL CRISIS ON THE METHODS OF BANKS STRAIGHTENING OUT

Abstract

The banks straightening out is a concept different from the reorganization of any other commercial companies, due to the causes that trigger the specific methods of the straightening out, due to its characteristics and its unique purpose: the financial straightening out, without a direct concern for the covering of the bank liabilities and with the exclusion of the bank insolvency status. The present financial systemic crisis enforced some exceptional forms of banks “express” straightening out, with the subsequent enforcement of the classic, conventional methods of banks straightening out, but, at the same time, modifying some of their important characteristics.banks, straightening out, systemic crisis, bankruptcy