Financial and operation restructuring in the act of precomposition: possibilities and constrains

A need for the possible solutions for non-liquidity and enterprise insolvency on the whole appeared as a consequence of diverse environment factors' activity. One of the moves is introducing the Institute of Precomposition for companies, craftsmen and individual tradesmen tax debt. It is an act implemented in order to establish an ability to fulfil the tax and monetary obligations. During the implementation of the precomposition act, those obliged to it come across with numerous ambiguous paperwork which usually makes them hit the wall. Furthermore, there are many legislations and principles that are rather inconstant in Croatia and therefore they complicate the situation. The aim of the idea is to analyze and demonstrate how to make a plan of financial and operational restructuration with the quantitative data in the most effective way in order to achieve the recovery of a particular business subject.