Annotated Bibliography Example | Topics and Well Written Essays - 1250 words - 3

Annotated Bibliography Example The transition from the application of ratio analysis technique to other models of predicting bankruptcy, following the susceptibility of financial ratio analysis to financial difficulties, is advanced by the article, making it possible to trace the history of bankruptcy over a period of time. The article seeks to advance this study to include the evaluation of multi discriminant analysis (MDA) and Regression analyses, as suitable analytical techniques of evaluating the financial situation of a company, consequently displaying the bankruptcy risks involved. The article is relevant for this study, since it helps in tracing the evolution and advancement of corporate bankruptcy, with a focus on how corporate bankruptcy has been assessed over time. The use of bankruptcy as the recourse for individual and company debts is assessed under this study, with a focus on understanding how bankruptcy have been used to prevent individuals and companies from paying the debts. The article analyses the laws applicable in preventing the abuse of bankruptcy concept, evaluating how well they shield companies from facing bankruptcy suits. Notably, the article concentrates on evaluating how wealthy individuals and companies can use the bankruptcy concept as a loophole to help them have their debts discharged, and at the same time remain with their assets intact. Thus, the role of opportunistic debtors in advancing company bankruptcy in the history of corporate bankruptcy is evaluated. The concepts of involuntary bankruptcy and informal bankruptcy are also studied under the article, with the intention of unearthing the loopholes presented by these concepts, which can accelerate the abuse of bankruptcy. This article is relevant for this study, si nce it helps in creating awareness on various loopholes that have been applied to abuse bankruptcy in the history of company