Introduction

Abstract

The Concept of Bankruptcy and Principal Bankruptcy Procedures 185 Part 1 The Concept of Bankruptcy and Principal Bankruptcy Procedures 1. Introduction Before discussing the modern regulation of bankruptcy in Russia, it is necessary to turn to history and go back to the Russian traditions of civil law regulation of bankruptcy. The current stage in the development of civil law—including the issue of civil law regulation of bankruptcy—is simply a new turn in the development of this mechanism, the foundation of which was laid during the eighteenth and nineteenth centuries. There was time when the law permitted criminal punishment of insolvent