This paper will consider the issue of business decision-making of the company's management in proceedings filed under the institute of bankruptcy. These are classic bankruptcy or bankruptcy reorganization proceedings. The company involved in the bankruptcy proceedings is in a situation where its legal capacity has been reduced. In addition, the rights to manage the assets of the bankruptcy debtor are transferred to the person appointed in this procedure as the bankruptcy trustee. For the purpose of this paper, it is necessary to make a distinction regarding the rights of the debtor's administration in the previous and main bankruptcy proceedings. In addition to the above, we will explain the institute of "personal administration", when the bankruptcy debtor reserves the right to conduct his business when the bankruptcy proceedings are opened. On the other hand, the question arises as to what is the role of the governing body in the context of the bankruptcy reorganization during which the debtor can be rehabilitated. These issues will be actualized in the context of current bankruptcy regulations, theoretical and empirical indicators.

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