Economic Expedience of Certain Procedures of Insolvency Institute (Bankruptcy): Statistical and Legal Aspect

Alla A. Pavlushina (), Ekaterina A. Anaeva (), Larisa V. Levchenko (), Andrey V. Loshkarev () and Valeria M. Nikiforova ()
Additional contact information
Alla A. Pavlushina: Samara State University of Economics
Ekaterina A. Anaeva: Samara State University of Economics
Larisa V. Levchenko: Samara State University of Economics
Andrey V. Loshkarev: Samara State University of Economics
Valeria M. Nikiforova: Samara State University of Economics

A chapter in Russia and the European Union, 2017, pp 121-129 from Springer

Abstract: Abstract The paper is devoted to topical issues of legal insolvency institute (bankruptcy) in the Russian Federation—in particular, the paper studies the issue on the procedures applied in cases of insolvency (bankruptcy). Economic expedience, legal certainty, and social & public significance of procedures applied in cases of insolvency (bankruptcy) are analyzed; at that, special attention is paid to statistical & legal aspects during study of the stated problem. Besides, the problem of ineffective procedures applied in cases of insolvency (bankruptcy) of legal entities is viewed. The procedures applied in cases of insolvency (bankruptcy) of individuals and individual entrepreneurs are analyzed, with characteristics of positive and negative aspects in these procedures—of practical and theoretical nature. The paper provides statistical data of work of arbitration courts of the RF which allows judging the effective use of certain procedures applied in cases of insolvency (bankruptcy) of legal relations subjects. In particular, the authors think that procedures of bankruptcy of an absentee debtor should be liquidated, and the procedure of financial external management requires serious reformation—by consolidation of norms that regulate the above procedures into one. Besides, the authors hope that amicable agreement is not a procedure applied in cases of insolvency (bankruptcy) of people but a means of termination of proceedings on a case of insolvency (bankruptcy).

Keywords: Procedures of bankruptcy; Absentee debtor; Financial recovery; External management; Realization of property; Debts restructuring; Amicable agreement (search for similar items in EconPapers)
Date: 2017
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:conchp:978-3-319-55257-6_17

Ordering information: This item can be ordered from
http://www.springer.com/9783319552576

DOI: 10.1007/978-3-319-55257-6_17

Access Statistics for this chapter

More chapters in Contributions to Economics from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().