The bankruptcy of a company is, both theoretically and methodologically, an exceptional phenomenon, especially in a transition period in which management structures failed to profile themselves in business and find appropriate solutions for the successful reorganization and functioning of business entities in a changed and extremely complex market environment. These circumstances are further complicated in Bosnia and Herzegovina due to the consequences of the war, unclear and inadequately defined ownership, the absence of appropriate normative regulation, the character of the Dayton Peace Agreement and various forms of voluntarism in the application and interpretation of certain provisions, due to the evident overambition of certain political forces that produce conflicts and deadlocks. in the functioning of institutions and the economy!? The economy of Bosnia and Herzegovina, as part of the economic structure of ex-Yugoslavia, with the dissolution of the common state (and market) loses many features of a meaningful structure and a sustainable concept of functioning and development, which unconditionally and additionally emphasizes the inevitability of restructuring and adjusting the economic structure to changed conditions!? Such circumstances will produce additional social and social tensions and misunderstandings if processes and policies are not initiated that will create new knowledge and financial and entrepreneurial mechanisms that can positively affect the consolidation of the economy through bankruptcy procedures!? In doing so, it is important to highlight the importance of the inevitability of harmonization of regulations, as well as the importance of education that will educate the necessary and sufficient number of competent individuals in the economy and institutions, including permanent education and appropriate media support, which will create the conditions for a proper understanding of bankruptcy procedures, operational roles and tasks of all factors of the bankruptcy procedure.

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