Keyword: «conciliation settlement»

The article examines the concept of bankruptcy procedure and highlights the discussion in the domestic scientific literature regarding the relationship of this term with the term «insolvency». The essence of the bankruptcy procedure is determined and the significance of this procedure in the modern economy is revealed. The article identifies a number of problems of legal regulation of bankruptcy. In particular, the problems of conciliation procedures in bankruptcy, the specifics of bankruptcy of credit institutions and the problem of maintaining their liquidity, issues of improving the efficiency of the activities of arbitration managers were touched upon. Proposals have been formulated to solve the listed problems, namely, a number of changes have been proposed, the introduction of which into the current legislation would allow for its improvement. The purpose of the study is to analyze the legal regulation of insolvency (bankruptcy), identify existing problems in this area and propose ways to solve them. The methods used in the course of this research are the universal dialectical method of cognition, general scientific methods (synthesis, analysis, description, comparison), private scientific research methods (first of all, the formal legal method). Based on the results of the study, a number of proposals have been formulated to introduce amendments to the current legislation that would contribute to improving the legal regulation of insolvency (bankruptcy).