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[LeadersWorkshop] Bankruptcy and HR

 

As per Wikipedia, Bankruptcy is a legally declared inability or impairment of ability of an individual or organization to pay its creditors. Creditors may file a bankruptcy petition against a business or corporate debtor ("involuntary bankruptcy") in an effort to recoup a portion of what they are owed or initiate a restructuring.

 

In the majority of cases, however, bankruptcy is initiated by the debtor (a "voluntary bankruptcy" that is filed by the insolvent individual or organization). An involuntary bankruptcy petition may not be filed against an individual consumer debtor who is not engaged in business.

 

I read that there are over 6000 bankruptcy cases filled across the world.


What does that mean from HR perspective?

Is Bankruptcy a sin - Personal or corporate perspective?

How does Bankruptcy effect HR?

Is Bankruptcy really bad for image - Personal or Corporate?

What are effect of corporate Bankruptcy?

Why people think bankrupty as sinful?

Can HR help is devising a plan to resolve Bankruptcy issue – personal & corporate?

What is the role of HR in Bankruptcy situation?

Are employees, personally matured to handle Bankruptcy?

How would we treat a person or organisation which has declared bankruptcy?

What is reaction of debtors vis-a-vis bankrupted individual and organisation?

What are bankruptcy symptoms from HR perspective?

Are there ways to deal with Bankruptcy cogenially?



I really dont know! If someone can throw some light and off course share pearls of wisedom, it will help me.

--
Rajesh Diwan
http://in.linkedin.com/pub/rajesh-diwan/3/582/404

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