The essence of bankruptcy law in the context of its place in the legal system

The relevance of the stated topic is due to the increasing need for theoretical understanding and scientific substantiation of the specifics of the legal regulation of relations in the field of bankruptcy. In the current conditions of legal system development, the problem of determining the place and role of bankruptcy law within the general legal system is of particular importance. The existing classification of legal norms, based on the differentiation of branches of law through the analysis of their essential characteristics, faces certain difficulties when applied to the institution of bankruptcy. The subject of this study is the legislative and doctrinal approaches of domestic legal scholars in the field of regulating the institution of insolvency (bankruptcy). The aim was to analyze the theoretical and practical aspects of the development of bankruptcy law in the context of its place in the legal system. To achieve this goal, tasks were defined to characterize the phenomenon of complex branches of law and legislation, as well as the essence of bankruptcy law. As a conclusion, it was established that bankruptcy law is a complex branch of legislation characterized by the interconnection of various legal institutions, regulatory methods, and principles united by a common goal.