ECONOMIC IMPORTANCE OF BANKRUPTCY PROCEDURES IN THE REGIONAL AND SECTORAL ASPECT

DOI 10.32651/199-32

Issue № 9, 2019, article № 5, pages 32-38

Section: Problems of efficient management

Language: Russian

Original language title: ЭКОНОМИЧЕСКОЕ ЗНАЧЕНИЕ ПРОЦЕДУР БАНКРОТСТВА В РЕГИОНАЛЬНО-ОТРАСЛЕВОМ АСПЕКТЕ

Keywords: BANKRUPTCY, INSOLVENCY, AGRICULTURAL PRODUCERS, FINANCE, INVESTMENTS, AGRO-INDUSTRIAL COMPLEX

Abstract: The article analyzes the current issues of implementation of the statutory bankruptcy procedures in economic practice, taking into account their national economic importance, in the regional and branch context. Conclusions are drawn about the uncertainty in the interpretation and application of basic concepts such as "bankruptcy" and "insolvency". The mutual influence of economic and legal manifestations of the universal category of bankruptcy is explained. The branch features of application of the legislation on bankruptcy on the example of agro-industrial complex and financial investments are allocated. Conclusions are drawn about the special importance of state bankruptcy management for agricultural producers, taking into account the indigenous features (regional, climatic, etc.) of agriculture, as well as its increased importance for food security of the country. Some key problems of formal application of bankruptcy legislation, demonstrated by the corresponding financial and economic consequences, are identified, processed statistical data are presented, and approaches to overcoming negative trends are proposed. It is proposed to develop a set of special legal norms and regulatory mechanisms to strengthen the protection of AIC entities in a difficult financial situation; full or partial immunity from bankruptcy for agricultural producers; the revival of a special State body such as the Federal Financial Recovery Service and the establishment of specialized bankruptcy courts.

Authors: CHikulaev Roman Vladimirovich, CHerdantsev Vadim Petrovich