REASONS FOR BANKRUPTCY AND WAYS TO PREVENT IT: GAPS IN LEGISLATION

Abstract

In conditions of high uncertainty of the external environment when the global financial crisis, changes in legislation, the increase in tax, and many other factors can lead to negative consequences in many legal entities increases the probability of bankruptcy. The article describes the main causes of failure at various stages of the life cycle of the organization and ways of the prevention bankruptcy. Special attention is paid to the identification and analysis of the problems of the legislation, which regulates the relationship between the now-bankrupt and its creditors.