World agreement, as an alternative bankruptcation procedure

The settlement agreement is considered by many civilists and some law enforcers as a real and self-sufficient procedure of insolvency (bankruptcy) of the debtor, then - bankruptcy of the debtor, because it is a great personal, professional and public success to come to such a decision - the main postulate of bankruptcy legislation, balance interests of society, creditors and the debtor. Implementing the institution of a settlement agreement, minimizing legal risks, and approving it in court, are the main tasks of the arbitration manager in bankruptcy.