THE PROCEDURE OF RESTORATION OF THE PHYSICAL PERSON-BANKRUPT IN THE STATUS OF FULLY LEGITIMATE SUBJECT OF THE CIVIL JURIDICAL RELATIONS
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Author(s): | Popov E. Yu., |
| Number of journal: | 4(17) | Date: | November 2011 |
| Annotation: | The law “On the insolvency” of 2002 ensures the implementation of several purposes: to satisfy the demands of creditors, to withdraw from the economic turnover the economically unprofitable subjects and finally to return to the circle of participants of the civil juridical relations the persons capable to conduct business activity. The article has stated that simultaneously with the completion of the procedure of bankruptcy the citizen obtains a number of negative consequences, including the limitation of his property rights, significant reduction in the financial attractiveness as potential borrower, the loss of its business standing. Therefore the period, during which several rights of the citizen- bankrupts are limited must be used by them for training in order to restore in the status of the fully legitimate subject of civil juridical relations. | ||
| Keywords: | : citizen, bankruptcy, rehabilitation, restoration of the rights, civil juridical relations, training, social activities, united examination, business reputation, financial appeal |
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