PRETRIAL SATISFACTION OF THE CREDITORS DEMANDS TO THE INDIVIDUAL UPON THE PARTIES AGREEMENT

The article has justified that in connection to the cases about bankruptcy of individuals it is possible to use the restructuring of debts, which includes such methods of obligations termination as innovation, refinancing, change of some elements of the agreement. Amicable agreement is the juridical expression of the agreement about the restructuring of debts. Amicable agreement made prior to the beginning of the bankruptcy procedure has the status of amicable transaction and is aimed at the elimination of the possibility of the insolvency conditions. Such agreement made after submission of the bankruptcy application, but prior to the beginning of the judicial procedures, also, in the opinion of the author, can have the status of the pretrial satisfaction of the creditors demands.

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