Features of bankruptcy of an individual entrepreneur

Currently, a huge number of individual entrepreneurs are facing the problem of bankruptcy. An individual entrepreneur who is unable to satisfy the requirements of creditors related to the implementation of entrepreneurial activities may be declared bankrupt by a court decision. Bankruptcy is the inability to pay off your debts. This problem is very relevant at the present stage. In this article, we consider the conditions, reasons, features of the bankruptcy procedure, as well as in the course of the study, the circumstances entailing the termination of the legal status of an individual entrepreneur are considered. Statistical data on the number of bankruptcies of individual entrepreneurs in Russia are analyzed.