Bankruptcy and Enforcement Proceedings: Legal Institution Correlation Issues

Abstract

The author defends the position that it is inadmissible to identify the mechanisms of bankruptcy and enforcement proceedings, examining the aspects of the permissibility of initiating bankruptcy proceedings by the bankruptcy creditor of the debtor, a legal person whose claims are based on a judicial act that has entered into force, according to which the possibility of enforcement has been lost. The article proves that, in view of the function that the insolvency process performs for corporations, the initiating creditor should not be limited by the rules of limitation, since it actually acts in the interests of the civil law community, which unites all creditors of the debtor.