How can the creditor increase the degree of certainty and the effectiveness of the bankruptcy proceedings in the Republic of Armenia

Abstract

In this paper, we will try to present insight for creditors from the bankruptcy proceedings and show hidden risks that nowadays, bankruptcy procedure in Armenia has preserved for creditors. By showing the actual problems, we also will try to suggest solutions for them. We tried to find the answer to the following question “How can the creditor increase the degree of certainty in bankruptcy proceedings in the Republic of Armenia and enhance the effectiveness of that procedure?”