Detailed Information on Publication Record

After the transition from a centrally planned economy to a market economy occurred in Czechoslovakia and later the Czech Republic, a huge expansion of business activities. Initially the market many new space for expansion of all business entities. Later, together with a shrinking free space on the market, intensified competition among companies began to gradually apply more and more excess supply over demand and customers, buyers, this situation began to increasingly higher levels of use. Competition has forced suppliers to their customers the part of their period were lending by business loans. For suppliers this means the amount receivable for the customer - customer commitment, which should be no later than the agreed date repay. Sales on credit should normally be the driving force of economic activity. He would help enterprises to develop their businesses, bringing a new, larger customers, increase sales and allow better use of their property. But lower payment morale or even insolvency brings businesses more problems. Our economic environment is unfortunately characterized by frequent unreliability of insolvency and business entities. Receivables from companies in which the debtor has not complied with the agreed payment terms, then they lose some of the characteristics of assets. It happens that the borrower pays only long overdue, or pays only part of his debt or pays never.