On April 3, a round table “Bankruptcy of individuals: current issues of theory and judicial practice” was held, dedicated to discussing the development of the institution of insolvency of individuals in Ukraine. The event was organized by the EU Pravo-Justice Project together with the Faculty of Law of the Yuriy Fedkovych Chernivtsi National University named after Yuriy Fedkovych.

The event was attended by representatives of the Ministry of Justice of Ukraine, judges, in particular the Cassation Economic Court within the Supreme Court, arbitration managers, lawyers, scientists and experts of the EU Pravo-Justice Project.

The purpose of the round table was to present the Scientific and Practical Commentary to Book Five of the Code of Ukraine on Bankruptcy Procedures, as well as to discuss the features of the application of insolvency procedures of individuals in modern judicial practice. The presented commentary is intended to become a practical guide for judges and participants in the procedures, ensuring a deep understanding of the norms and their interpretation.

Within the framework of the professional discussion, the participants discussed a number of topical issues, including:

• abuse of procedural rights in insolvency cases and ways to improve the relevant procedures;
• the phenomenon of behavioral insolvency, when the financial crisis is a consequence of the debtor's chosen behavior model;
• the introduction of preventive mechanisms aimed at minimizing insolvency risks at the early stages.

Special attention was paid to the importance of the new scientific and practical commentary for the development of the institution of bankruptcy of individuals. As Roman Chumak noted, an article-by-article analysis of Book Five of the Code of Bankruptcy of Ukraine is of great importance for the formation of a unified law enforcement practice and the further development of this institution in Ukraine. At the same time, statistics indicate a relatively small number of cases of insolvency of individuals, which indicates the need to popularize this procedure among debtors.

According to him, the presented commentary contains a thorough analysis of almost every rule of Book Five, taking into account current judicial practice, which makes it an important tool for both practicing lawyers and scholars.

Conducting such events and the emergence of systematic scientific and practical developments contribute to increasing the efficiency of bankruptcy procedures for individuals and forming a sustainable approach to their application in Ukraine. The commentary is available on the Pravo Justice website.