Training Manual . N. Novgorod: Nizhny Novgorod . gov. Archite. - build. Un-t, 2004. 80 s. The main purpose of the methodological manual is to cover the problem of bankruptcy in general, taking into account modern Russian conditions. In this direction, the following issues are considered: the concept of bankruptcy as an integral attribute of a market economy; the main criteria for insolvency and bankruptcy procedures established by Russian legislation The article considers both objective and subjective reasons for the bankruptcy of many enterprises and analyzes the main ways out of crisis situations.