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SOURCE:   Almanac of Modern Science and Education. Tambov: Gramota, 2017. 6. P. 57-63.
SCIENTIFIC AREA: Law Sciences
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THEORETICAL AND PRACTICAL PROBLEMS OF LEGAL REGULATION OF PHYSICAL BODIES INSOLVENCY (BANKRUPTCY) AND RECOMMENDATIONS ON LEGISLATION PERFECTION

Kotov Nikita Andreevich
International Institute of Economics and Law in Moscow


Abstract. The article considers problems of a new direction of bankruptcy institution - a citizens bankruptcy. In spite of the need for this institution, regulations on physical bodies bankruptcy, and also their application are unaccomplished for the debtor as well as creditors and the society and require substantial improvement. Besides describing the key problems, the author states recommendations on the legislation perfection based on his practical experience as a trustee in bankruptcy.
Key words and phrases: , , , , , insolvency, physical bodys bankruptcy, finance manager, citizens debts restructuring, citizens property selling.
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