Alexeev, V.B. Legal regulation of the institution of bankruptcy (insolvency) in 1922-2001.

Abstract: Institution of bankruptcy (insolvency) is a necessary part of market economy. It stimulates the enterpreneurs in the market, guarantees the interests of creditors and those of the state, as the basic regulating body in the market. V.B. Alexeev’s article contains critical analysis of the institution of bankruptcy (insolvency) in Russia in 1922-2001, and of economical mistakes, made in this period, privatization and redistribution of property.