Participation of state in bankruptcy cases in the Russian Federation

Purpose: This paper aims to study the specifics of state participation in bankruptcy cases of legal entities in the Russian Federation. Methodology: The author used dialectical, legalistic and comparative approaches. Results: This article analyzes the features of state participation in bankruptcy cases in the Russian Federation. The author considers all the main situations where the state can participate in bankruptcy cases as a creditor, owner of the property of a debtor, a sanator, and a guarantor. The main problematic aspects of state participation in bankruptcy cases are highlighted, the need to change the bankruptcy procedure of strategically important enterprises and organizations is noted. Novelty/originality/value: The paper is devoted to the current problem of modern Russian legal science and has great scientific-theoretical and applied significance. The results of this study can be applied to further understanding and developing the practice of bankruptcy of legal entities in the Russian Federation, improving state policy in the field of bankruptcy, taxation, and management of state property.