Managerial aspects of individual stages of the bankruptcy procedure of Russian enterprises

In modern conditions, when the external economic environment is unstable, legal entities are increasingly ceasing their activities. Due to the fact that the market is subject to changes, including due to any external political factors, enterprises face insufficient resources to continue their operating activities, thereby they are forced to declare themselves insolvent and undergo bankruptcy procedures. Legal entities need to adapt to the changing conditions of the internal and external environment as quickly as it changes, otherwise sooner or later a state of insolvency or bankruptcy may arise. The institution of bankruptcy has been developing for a millennium, which means that it is necessary in principle, including in a market economy and fierce competition. The authors studied the features and stages of the bankruptcy procedure of legal entities in the Russian Federation, as well as the factors leading to bankruptcy. For the period 2017-2022 the authors analyzed the number of bankruptcy procedures introduced, special attention was paid to the procedures of bankruptcy proceedings and settlement agreement.