IMPROVING THE EFFECTIVENESS OF THE FINANCIAL MECHANISM OF THE INSOLVENCY INSTITUTION IN RUSSIA

Abstract

This article analyzes the issues related to the legal regulation of insolvency (bankruptcy) of legal entities in the Russian Federation. The author focuses on the problem of regulatory inconsistency within the context of bankruptcy, examines the differences in the protection of creditors' rights across various categories, and explores how recent legislative changes affect the country’s economic environment. The study addresses conflicts between approaches applied to public and private enterprises and evaluates the consequences of legislative adjustments related to bankruptcy procedures. It also examines macroeconomic factors that contribute to the increase in financial insolvency among organizations. The article proposes recommendations aimed at improving the legal framework, with the ultimate goal of balancing the interests of all market participants — creditors, government authorities, and the business community.