THE ROLE OF STATE AUTHORITIES IN REGULATING BANKRUPTCY PROCEDURES: PROBLEMS AND PROSPECTS OF ADMINISTRATIVE AND LEGAL INFLUENCE

Abstract

The article provides a comprehensive analysis of the role of public authorities in regulating bankruptcy procedures, and also examines the problems and prospects of administrative and legal influence on this process. The main focus is on the functional aspects of the activities of state bodies, including the organizational mechanism, control, information support and planning. The author substantiates the importance of state regulation of bankruptcy procedures as an important component of economic policy which affects market stability and efficiency of management decisions. The author identifies the key functions of government agencies that contribute to the successful functioning of the bankruptcy system. The article examines various aspects of the activities of state authorities in the field of bankruptcy. Firstly, the author examines the mechanisms of forecasting, organization and control which ensure compliance of management decisions and their implementation. It is noted that effective management of bankruptcy procedures requires careful forecasting and planning, which ensures timely identification and correction of potential problems. Secondly, the author analyzes in detail the role of the organization in managing bankruptcy procedures, including the creation and support of governing bodies, recruitment and operation of electronic systems. It is pointed out that the organizational mechanism is the basis for ensuring effective regulation and implementation of bankruptcy procedures, which is confirmed by the example of using electronic trading systems for conducting auctions. Third, the author focuses on the control and supervision of bankruptcy procedures. The importance of conducting scheduled and unscheduled inspections to ensure the quality of management decisions and transparency of the process is discussed. The rules governing the control over the activities of insolvency receivers and the conduct of inspections are highlighted. Fourth, the importance of information support for the functioning of the bankruptcy system is emphasized.