Abstract
The subject of the research is the Russian Federation legislation on insolvency (bankruptcy). The objective of the study is to identify trends and prospects for the development of domestic legislation in the field of bankruptcy at the present stage. In the course of the research, both general scientific and specific scientific methods of scientific knowledge are used: formal and logical, systemic, formal and legal, historical and legal, comparative legal methods. In Russia, in connection with the return to a market economy, legislation on insolvency (bankruptcy) was revived, which in the post-Soviet period has passed a long way of its formation and development. Still, it remains relatively unstable. This makes the legal institution under consideration and the practice of its application insufficiently predictable. However, the Russian legislation on insolvency (bankruptcy) continues to improve. Today there is a need for further substantial modernization of the Federal Law of October 26, 2002, № 127-FZ “On insolvency (bankruptcy)” in terms of bankruptcy of legal entities. For this, as a result of many years of work, the Ministry of Economic Development of the Russian Federation has prepared a draft law that should be submitted for consideration to the State Duma of the Russian Federation in 2021.
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