Disadvantages of foreign methods for detecting economic insolvency and assessing the possibility of their application in Uzbekistan

In the article, based on an analysis of the methods used in countries far and near abroad and the models for identifying insolvency developed by scientists, the authors revealed their shortcomings and showed factors that do not allow the use of models from other countries to predict bankruptcy in Uzbekistan. Based on the results of the study, the authors came to the conclusion that it is necessary for enterprises in the republic to develop their own methodology for identifying and preventing economic insolvency.