The Management of Procedures for Restoration of Solvency in Ukraine

Abstract

The article is aimed at considering problems of management of procedures for restoration of solvency in Ukraine. Relevance of regulatory activity on the part of the State in terms of organization and carrying out of competitive procedures in Ukraine is substantiated, their essence and content are considered. The legal nature of the concept of «insolvency» is researched, its signs are summarized. It is proved that studying of organization and peculiarities of the State management of bankruptcy and rehabilitation processes will ensure the formation of an effective mechanism for real withdrawal of numerical number of debtor enterprises from the status of insolvency. The main shortcomings of the State management in the sphere of insolvency of business entities are analyzed, their legal consequences are determined. According to the results of researches, the shortcomings of procedural character are reduced to separate groups: balance of interests in favor of the debtor; liquidation of business dominates over the recovery; wide-spreading of fictitious bankruptcy. Prospects for further research are to substantiate the directions to solving the problems identified.

Keywords

• the State management
• insolvency
• insolvency relations
• bankruptcy
• rehabilitation
• amicable settlement