Topical problems of protection of interests of a debtor when applying a bankruptcy procedure

Appearance of bankruptcy institute became possible in Russia due to deflationary situations, connected to the default on loan facilities markets, including foreign currency mortgage loaning. In June, 29 of 2015 the Federal Law on “Bankruptcy” as of 26.10.2002 № 127-FL underwent changes, connected to bankruptcy of citizens. This institute acquired popularity within a year. Along with this new legislation on bankruptcy requires a serious, complex research and critical re-evaluation, because in a number of cases the norms of bankruptcy legislation limit the possibilities of citizens to exercise their rights and legitimate interests.