Open AccessAnalysis of the Main Trends in the Modern Practice of Applying Business Bankruptcy Procedures in the Russian Federation and Problems of Its Development
Author(s) -
Dmitry Veniaminovich Lazarev
Publication year - 2020
Publication title -
teoriâ i praktika obŝestvennogo razvitiâ/teoria i praktika obŝestvenogo razvitiâ
Language(s) - English
Resource type - Journals
eISSN - 2072-7623
pISSN - 1815-4964
DOI - 10.24158/tipor.2020.10.5
Subject(s) - bankruptcy , russian federation , relevance (law) , financial crisis , business , state (computer science) , business environment , accounting , economics , political science , finance , macroeconomics , economic policy , computer science , law , business administration , algorithm
Global economic instability increases the relevance of studying the dynamics of initiation and applica-tion of bankruptcy procedures in Russia and abroad. The author of the paper summarizes statistical data over the last few years that allowed us to identify the main problems of the development of bankruptcy cases in Russia. The analysis showed that, against the background of extremely low efficiency of bank-ruptcy procedures for Russian enterprises, the indi-cators of our country in terms of the number of bankrupt companies generally correspond to global indicators. It is concluded that the timely identifica-tion of the crisis state should play a key role in anti-crisis business management. In this regard, it be-comes important to find ways and methods of fore-casting and assessing the probability of bankruptcy both at the national and intra-corporate levels.