BANKRUPTCY PRACTICE AND CURRENT PROBLEMS AND THEIR SOLUTIONS
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Abstract
Bankruptcy practice is carried out after debt collection is completed. This, in turn, involves the collection of debts from individuals who are unlikely to be collected and who have lost their ability to pay. Liquidation of legal entities and individuals on the basis of bankruptcy requires a certain amount of expenses from the state budget or creditors. Therefore, cost effectiveness requires a mechanism to raise or recover debt through other means. In the article, these directions have been studied, and proposals have been developed as a result.
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References
Bankruptcy Law of the Republic of Uzbekistan
Civil Code of the Republic of Uzbekistan
Tax code of the Republic of Uzbekistan
Decision of the Cabinet of Ministers of the Republic of Uzbekistan on approval of the rules for identifying the symptoms of fake bankruptcy, concealment of bankruptcy and intentional bankruptcy
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