The Bankruptcy of an Individual in the Economic Security of Ukraine
Journal Title: Проблеми економіки - Year 2014, Vol 2014, Issue 4
Abstract
The purpose of this paper is a conceptual study of the bankruptcy institution of the individual who is not engaged in business activities in the economic security of Ukraine. The article analyzes the current state of Ukrainian market of lending to individuals for purposes not related to business activities. There is identified the threat of economic security of Ukraine, due to the lack of state programs to prevent the collapse of the national financial system in general and the banking system in particular with regard to the potential of mass insolvency of individual debtors. The urgency of creating the individuals bankruptcy institution and the definition of the debtor in this context are suggested. The basic criteria for the procedure of bankruptcy of an individual in the event of a debt not related to entrepreneurial activity is determined.
Authors and Affiliations
Volodymyr Tokar
Keywords
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