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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 citizen’s 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: несостоятельность, банкротство физического лица, финансовый управляющий, реструктуризация долгов гражданина, реализация имущества гражданина, insolvency, physical body’s bankruptcy, finance manager, citizen’s debts restructuring, citizen’s property selling
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