Analysis of the main trends in the modern practice of applying business bankruptcy procedures in the Russian Federation and problems of its development

Global economic instability increases the relevance of studying the dynamics of initiation and application of bankruptcy procedures in Russia and abroad. The author of the paper summarizes statistical data over the last few years that allowed us to identify the main problems of the development of bankruptcy cases in Russia. The analysis showed that, against the background of extremely low efficiency of bankruptcy procedures for Russian enterprises, the indicators of our country in terms of the number of bankrupt companies generally correspond to global indicators. It is concluded that the timely identification of the crisis state should play a key role in anti-crisis business management. In this regard, it becomes important to find ways and methods of forecasting and assessing the probability of bankruptcy both at the national and intra-corporate levels.