Journal of Osh State University. Economics

Modern problems of bankruptcy institution in turbulence conditions: Foreign and domestic aspects

The article discusses in detail the relationship between the economic categories “insolvency” and “bankruptcy” and their classification. The role of bankruptcy as the most significant institution in a market economy is determined. Some problems of bankruptcy are revealed as one of the most pressing in any reforming economy. The lack of full-fledged conceptual foundations of the institution of bankruptcy in modern conditions has been revealed, which does not make it possible to develop detailed mechanisms and methodological foundations of the institution of bankruptcy. Foreign experience in managing the institution of bankruptcy with the adoption of anti-crisis measures by the system is considered

bankruptcy; insolvency; bankruptcy procedures; economic and legal foundations; financial condition of the debtor; real and fictitious bankruptcy