Editing Bankruptcy (section)

=== Russia ===
{{Main|Insolvency law of Russia}}
Federal Law No. 127-FZ "On Insolvency (Bankruptcy)" dated 26 October 2002 (as amended) (the "Bankruptcy Act"), replacing the previous law in 1998, to better address the above problems{{non sequitur|date=January 2025}} and a broader failure of the action. Russian insolvency law is intended for a wide range of borrowers: individuals and companies of all sizes, with the exception of state-owned enterprises, government agencies, political parties and religious organizations. There are also special rules for insurance companies, professional participants of the securities market, agricultural organizations and other special laws for financial institutions and companies in the [[natural monopoly|natural monopolies]] in the energy industry. Federal Law No. 40-FZ "On Insolvency (Bankruptcy)" dated 25 February 1999 (as amended) (the "Insolvency Law of Credit Institutions") contains special provisions in relation to the opening of insolvency proceedings in relation to the credit company. Insolvency Provisions Act, credit organizations used in conjunction with the provisions of the Bankruptcy Act.

Bankruptcy law provides for the following stages of insolvency proceedings:
*Monitoring procedure or Supervision ({{lang|ru|наблюдение}}, {{lang|ru-Latn|nablyudeniye}});
*Economic recovery ({{lang|ru|финансовое оздоровление}}, {{lang|ru-Latn|finansovoe ozdorovleniye}});
*External control ({{lang|ru|внешнее управление}}, {{lang|ru-Latn|vneshneye upravleniye}});
*Liquidation ({{lang|ru-Latn|konkursnoye proizvodstvo}}) and
*Amicable Agreement ({{lang|ru|мировое соглашение}}, {{lang|ru-Latn|mirovoye soglasheniye}}).

The main face of the bankruptcy process is the insolvency officer (trustee in bankruptcy, bankruptcy manager). At various stages of bankruptcy, he must be determined: the temporary officer in monitoring procedure, external manager in external control, the receiver or administrative officer in the economic recovery, the liquidator. During the bankruptcy trustee in bankruptcy (insolvency officer) has a decisive influence on the movement of assets (property) of the debtor – the debtor and has a key influence on the economic and legal aspects of its operations.