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Economic Analysis: Theory and Practice
 

Corporate, personal, municipal, sovereign bankruptcy: features in common and peculiarities

Vol. 8, Iss. 6, FEBRUARY 2009

Available online: 18 September 2009

Subject Heading: Bankruptcy

JEL Classification: 

Chernova M.V. Ph.d., Yaroslavl State University named after P.G.Demidov ;

Not only a company, but also a person, a municipal entity or state can become an insolvent debtor. Insolvency proceedings of households and constituent entities of the country take place in many states. Sovereign bankruptcy suggestions pronounced 25 or 30 years ago by some debtor countries and scholars are now discussed at both scientific and political levels. The article deals with the comparative analysis of bankruptcy mechanisms for each group of debtors, and points out common problems, and their solution.

Keywords: mechanism, bankruptcy, management, intervention, balancing, liability, debtor, liquidation

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ISSN 2311-8725 (Online)
ISSN 2073-039X (Print)

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