In the current geopolitical situation, it is important to remove obstacles to maintaining a viable business in a difficult financial situation. The article discusses the grounds for the refusal of arbitration courts considering bankruptcy cases to introduce a financial rehabilitation procedure by decision of the first creditors’ meeting and at the request of other persons. Among them: inconsistency of the decision of the creditors’ meeting and the attached documents, as well as the relevant petition, with the formal requirements of the law; violation of the deadline for filing a petition; a negative assessment by the court of the possibility of restoring the debtor’s solvency. The purpose of the study is to analyze the reasons why, in practice, participants in bankruptcy legal relations fail to initiate this procedure. The author identifies the factors that create prerequisites for the refusal of applications for the introduction of financial rehabilitation. Problems were noted: the lack of a legal possibility of holding a repeated meeting of creditors to eliminate defects identified by the court, including minor ones; the absence of the duty and interest of the interim manager in assisting in the proper initiation of the procedure; excessively strict time limits on the application for the introduction of the procedure; excessive judicial discretion in assessing the realism of restoring solvency; unsuitability of the analysis of the interim manager as objective evidence in such an assessment. The author has developed a set of measures to overcome the identified problems, taking into account foreign experience.
insolvency, bankruptcy, restructuring, refusal to introduce financial recovery
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