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ECO journal (ECOnomics and industrial Engineering)

2019 year, number 6

Rehabilitation Potential of a Business Bankruptcy: to Determine, to Measure, to Increase

O. A. Lvova
Lomonosov Moscow State University
Keywords: несостоятельность (банкротство), реабилитационный потенциал банкротства, квазиреабилитация, мировое соглашение, предупреждение банкротства, статистика банкротств в США, Англии и России, insolvency (bankruptcy), rehabilitation potential of bankruptcy, quasi-rehabilitation bankruptcy procedures, settlement agreement, insolvency prevention, comparative insolvency statistics in the United States, England and Russia

Abstract

The article is devoted to the development of conceptual approaches to understanding the rehabilitation potential of the bankruptcy institution and methods for assessing the implementation of bankruptcy mechanism. The author proposes to consider the rehabilitation potential of bankruptcy at the micro level (from the point of view of the owner, who has saved the restored business), and at the macro level, when a positive effect for the economy arises from the sale of the existing business and the inefficient owner dismissal. The paper presents the results of a statistical analysis of the bankruptcy implementation in Russian and international practice, substantiates the expediency of statistical accounting for quasi-rehabilitation procedures, the main one being the settlement agreement. Special attention is paid to the study of foreign experience of preventing business insolvencies and identifying possibilities for its application in Russia.