title: Out-of court preventive rehabilitation agreement as a method for preventing the occurrence of legal signs of bankruptcy
metadata.name: dc.contributor.author
metadata.value: Mastilovic, Larisa
metadata.lang: -
metadata.name: dc.date.accessioned
metadata.value: 2020-03-20T09:00:02Z
metadata.lang: -
metadata.name: dc.date.available
metadata.value: 2020-03-20T09:00:02Z
metadata.lang: -
metadata.name: dc.date.issued
metadata.value: 2020-03
metadata.lang: -
metadata.name: dc.identifier.citation
metadata.value: Mastilovic, Larisa. 2020. “Out-of court preventive rehabilitation agreement as a method for preventing the occurrence of legal signs of bankruptcy”. Vestnik of Saint Petersburg University. Law 1: 140–153.
metadata.lang: en_GB
metadata.name: dc.identifier.other
metadata.value: https://doi.org/10.21638/spbu14.2020.110
metadata.lang: -
metadata.name: dc.identifier.uri
metadata.value: http://hdl.handle.net/11701/17239
metadata.lang: -
metadata.name: dc.description.abstract
metadata.value: The article proposes the creation of a new institution into the bankruptcy law, which will be
  called the “out-of court preventive rehabilitation agreement” (hereinafter referred to as the
  “ВПРС”) because there is currently no out-of court rehabilitation bankrupt institution, the
  condition for which would be the absence of external signs of bankruptcy and whose purpose
  would be prevention of their occurrence (there are no mechanisms to prevent bankruptcy
  before signs of bankruptcy appear), in the case when the debtor acknowledges it and wants to
  avoid bankruptcy on a voluntary basis. Due to the lack of effective bankruptcy rehabilitation
  institutions, creation of such institutions is recommended. Debtors should have a mechanism
  that allows them to respond in time (at the first sign of a financial crisis). VPRS is designed
  as a more advanced and thereby more effective preventive institution, in comparison to Art.
  30 and Art. 31 of the Federal Law on insolvency (bankruptcy) because the goal of the second
  is to prevent bankruptcy and the goal of the first (VPRS) is to prevent the occurrence of legal
  opportunities for initiating bankruptcy. Creditors are less interested in recovering a debtor
  in the framework of bankruptcy prevention when debt has already been accumulated than
  in preventing the occurrence of debt itself. Therefore, at the legislative level, it is necessary to
  create a legal institute for a bona fide debtor, with the primary goal of rehabilitating the debtor
  through strict bankruptcy laws in relation to a debtor against whom liquidation proceedings
  on bankruptcy can already be started (if legal external signs of bankruptcy have already occurred).
metadata.lang: en_GB
metadata.name: dc.description.sponsorship
metadata.value: The reported study was funded by Russian Foundation for Basic Research, project No. 19-311-90063.
metadata.lang: en_GB
metadata.name: dc.language.iso
metadata.value: ru
metadata.lang: en_GB
metadata.name: dc.publisher
metadata.value: St Petersburg State University
metadata.lang: en_GB
metadata.name: dc.relation.ispartofseries
metadata.value: Vestnik of St Petersburg University. Law;Volume 11; Issue 1
metadata.lang: -
metadata.name: dc.subject
metadata.value: bankruptcy prevention
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: rehabilitation procedures
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: out-of court rehabilitation procedures
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: preventive debtor rehabilitation
metadata.lang: en_GB
metadata.name: dc.title
metadata.value: Out-of court preventive rehabilitation agreement as a method for preventing the occurrence of legal signs of bankruptcy
metadata.lang: en_GB
metadata.name: dc.type
metadata.value: Article
metadata.lang: en_GB
resources.filename: 140-153.pdf
resources.url: https://dspace.spbu.ru/bitstream/11701/17239/1/140-153.pdf
resources.format: Adobe PDF
resources.size: 659 kB