Illegal actions in case of bankruptcy of a legal entity

Bankruptcy is a specific procedure that is to be performed only in court. In order to maintain their property, organizational founders commit different crimes. Wrongdoing may refer to inefficient work of authorities or happen due to the lack of current procedural rules. In this article possible ways of concealment of legal person’s assets are revealed and further direction of improvement of law in sphere of businesses bankruptcy is determined, as the institution of bankruptcy is to remain a key point of the market and economy in general.