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Perm University Herald. Juridical Sciences. 2016. Issue 3 (33) |
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| Title: | LEGAL ISSUES OF BANKRUPTCY CASE COMMENCEMENT BY THE DEBTOR | |||||||||
| Authors: |
Malikov A.F. |
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| ORCID: | 0000-0002-9044-3424 | ResearcherID: | G-5932-2016 | |||||||
| «Scopus» & «Web of Science» article: |
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| Requisites: | Malikov A. F. Pravovye voprosy vozbuzhdeniya dela o bankrotstve po initsiative dolzhnika [Legal Issues of Bankruptcy Case Commencement by the Debtor]. Vestnik Permskogo universiteta. Juridicheskie nauki – Perm University Herald. Juridical Sciences. 2016. Issue 33. Pp. 304–310. (In Russ.). DOI: 10.17072/1995-4190-2016-33-304-310 | |||||||||
| DOI: | 10.17072/1995-4190-2016-33-304-310 | |||||||||
| Annotation: | Introduction: the article is devoted to topical issues of bankruptcy case commencement by the debtor, namely the practice of application of Article 8 of the Federal Law "On Insolvency (Bankruptcy)", and to the prospects of improving the bankruptcy prevention practice at early stages. Purpose: to analyze problematic issues of foreseeing insolvency by the debtor and of commencement of bankruptcy proceedings by the debtor, to identify possible solutions to this problem. Methods: the methodological framework of the research is based on a set of scientific methods, with a leading role of the dialectical one. Moreover, methods of comparative law analysis, synthesis and systematic method are used. Results: the study of the relevant judicial practice has shown that though Article 8 of the bankruptcy law stipulates that the debtor has the right to file for bankruptcy in its foreseeing, the bankruptcy procedure is not introduced in the period of bankruptcy anticipation by the debtor. Late start of bankruptcy proceedings nullifies all existing rehabilitation potential of bankruptcy, as a result in more than 96 % of cases debtors enter liquidation procedure. Conclusions: the author concludes that the rule which obliges the debtor to prove the existence of circumstances testifying the occurrence of insolvency in the future shall be excluded since it hinders the debtors to commence bankruptcy proceedings in its prediction and on time. There is also no need to change Article 94 of the bankruptcy law. Participants of the legal entity shall have the right to approve the introduction of certain rehabilitation measures depending on whether the bankruptcy statement was filed by the debtor.. |
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| Keywords: | debtor's bankruptcy statement; bankruptcy prediction; creditor's bankruptcy statement; supervision procedure; financial improvement; fictitious bankruptcy; corporate control | |||||||||
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download the full-version article |
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| References: | Ageeva E. Sh. Institut okhrany i zashchity prav predprinimateley: Sravnitel'no-pravovoe issledovanie zakonodatel'stv Rossii i Anglii [Institute of Security and Protection of Entrepreneurs' Rights: Comparative Legal Research of Russian and English Legislation]. Moscow, 2015. 144 p. (In Russ.). Buryakov K. V. Pravovye aspekty realizatsii prava na podachu zayavleniya dolzhnika v arbitrazhnyj sud o priznanii ego bankrotom [Legal Aspects of Enforcement of the Right to File a Debtor's Statement to the Arbitration Court for Recognition of a Debtor as a Bankrupt]. Predprinimatel'skoe pravo – Entrepreneurial Law. 2006. Issue 4. Pp. 15–17. (In Russ.). Papchenkova M., Petleva V. Kreditor smozhet pogloshchat' zadolzhavshuyu emu kompaniyu [The Creditor Will be Able to Absorb the Company that Owes Him]. Vedomosti – Vedomosti newspaper. Available at: https://www.vedomosti.ru/economics/articles/2015/11/20/617657-kreditor-smozhet-pogloschat-zadolzhav-shuyu-emu-kompaniyu (accessed 22.04.2016). (In Russ.). Porokhov M. G. O prave na obrashсhenie v arbitrazhnyj sud s zayavleniem dolzhnika v sluchae predvideniya bankrotstva [On the Right to Appeal to the Arbitration Court with the Debtor's Statement in the Event of Bankruptcy Prediction]. Access from the legal reference system ConsultantPlus (In Russ.). Frey M., Swinson S. Introduction to Bankruptcy Law. Cengage Learning. 2012. 646 p. (In Eng.). French D., Mayson S. W., Ryan C. L. Company Law. Oxford. 2014.750 p. (In Eng.). Goode R. Principles of Corporate Insolvency Law. London. 2011.835 p. (In Eng.).. |
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The Perm State University
614068, Perm, street Bukireva, 15 (Faculty of Law), +7 (342) 2 396 275
vesturn@yandex.ru
ISSN 1995-4190 ISSN (eng.) 2618-8104
ISSN (online) 2658-7106
DOI 10.17072/1995-4190
614068, Perm, street Bukireva, 15 (Faculty of Law), +7 (342) 2 396 275
vesturn@yandex.ru
ISSN 1995-4190 ISSN (eng.) 2618-8104
ISSN (online) 2658-7106
DOI 10.17072/1995-4190
(с) Editorial board, 2010
The magazine is registered in Federal Agency of supervision in sphere of communication and mass communications.
The certificate on registration of mass media ПИ № ФС77-33087 from September, 5th, 2008
The certificate on reregistration of mass media ПИ № ФС77-53189 from Marth, 14th, 2013
The magazine is included in List ВАК and in the Russian index of scientific citing
The founder & Publisher: the State educational institution of the higher training
“The Perm State University”.
Publishing 4 times a year
The certificate on registration of mass media ПИ № ФС77-33087 from September, 5th, 2008
The certificate on reregistration of mass media ПИ № ФС77-53189 from Marth, 14th, 2013
The magazine is included in List ВАК and in the Russian index of scientific citing
The founder & Publisher: the State educational institution of the higher training
“The Perm State University”.
Publishing 4 times a year