Abstract:

The world practice shows that bankruptcy is an inevitable phenomenon of any modern market which uses insolvency as a market instrument for capital redistribution and reflects objective processes of economic restructuring. Problems in the activities of enterprises are the result of the interaction of many factors, both external and internal. Enterprises that do not predict changes in the environment, do not have a sound development strategy are at risk of bankruptcy. Such risks can as well be brought about by ineffective management, lack of marketing strategy, mistakes in capital formation. Ultimately, production and commercial, management failures lead to financial difficulties: the disturbance of the financial stability of the enterprise, a significant long-term imbalance of cash flows, low liquidity of assets.The disturbance of the economy and ruble devaluation have predictablyled to difficulties in the real sector of the economy. Depressed demand, increased production costs and difficulties in financing new projects are big risks for businesses and organizations. The article provides the analysis of current data on trends among existing active entities and entities that ceased their activities, and on changes of the number of bankruptcies, the sectoral structure of bankrupt legal entities in the real sector of Russia, total indebtedness, changes in the structure of accounts payable, the share of overdue debts, the assessment of the number and share of large and medium-sized enterprises with overdue debts includingregional data, andbank credit indebtedness of enterprises as an indicator of the risk of bankruptcy. The author highlights the main negative exogenous factors conditioning difficulties in the development of domestic enterprises in adverse economic conditions.The purpose of this work is to showthe pertinence and complexity of the problem of identifying factors affecting the risk of bankruptcy of organizations and the study of the risk of bankruptcy as the main threat to the sustainability of economic development in Russia. General scientific research methods: empirical methods, historical and theoretical (literature analysis), system analysis, calculation-constructive, vertical and horizontal analysis, as well as economic and statistical methods (comparison, summary and grouping, average values) and other approaches are used in the research.