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THE DECISIONS OF THE PROBLEMS RELATING TO THE IMPLEMENTATION OF THE LAW ABOUT BANKRUPTCY OF INDIVIDUALS IN RUSSIA (FEDERAL LAW №127 OF 26 OCTOBER 2002

IN SEARCH OF A NEW MODEL OF SCIENTIFIC AND EDUCATIONAL ACTIVITIES: MODERN PROBLEMS AND METHODS OF ECONOMIC SECURITY (2016) .

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Abstract

In October 2015 in Russia there were changes in the law "On Insolvency (Bankruptcy)" in relation to the bankruptcy of citizens who are not entrepreneurs. In a short time the law has become very popular among individuals. At the moment, the law is not fully developed, so it can become a mechanism for economic crimes. The article suggests two solu-tions to improve the existing law, if it is realize, the procedure of bankruptcy will be сconvenient tool for both individuals and creditors.

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