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The purpose of this paper is to draw attention to the topical problem of entity-level insolvency and the insolvency prediction models. Definitions, symptoms, causes and factors affecting insolvency, suggested by various authors, are reviewed. The impact of enterprise insolvency on a country's economic growth is weighed up. Finally, the paper presents the authors' research work in the field of testing various enterprise insolvency forecast models and a system of insolvency prediction methods. Recommendations of possible solutions, based on the conclusion drawn from the research, are put forward.
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