JUDICIAL REHABILITATION AND SUPERVISORY PROCEDURE

Аннотация

This article explores the legal and procedural aspects of judicial rehabilitation and supervisory procedures within the context of bankruptcy legislation. It analyzes how economically distressed enterprises can be preserved through court-approved rehabilitation plans and oversight mechanisms. The article highlights the roles of creditors, courts, and rehabilitation managers in managing the process, while also examining the safeguards applied during supervision to assess the debtor’s financial condition. Furthermore, it provides comparative insights into international practices in countries such as the United States, Germany, France, Russia, and South Korea. The study emphasizes the importance of legal clarity, institutional coordination, and early intervention in ensuring effective enterprise recovery and avoiding liquidation. Key words: Judicial rehabilitation, supervisory procedure, bankruptcy law, insolvency, debtor, creditor, economiccourt, rehabilitation plan, restructuring, international experience. Sanation (from Latin “canatio” - health improvement, treatment) is a system of state and banking measures aimed at preventing bankruptcy and improving the financial condition of enterprises, firms, companies, and others. The main directions are lending to vulnerable enterprises, reorganization, changing the types of products or activities to be produced, transferring to partnerships, and others. Industry is anatural phenomenon fora market economy, because, according to market laws, one enterprise flourishes while another falls into crisis. Through industry, thestateinfluences themarket economy. In Uzbekistan, sanitation measures were implemented in accordance with the Law of the Republic of Uzbekistan "On the Sanation of Agricultural Enterprises" (December 25, 1997), in the form of state financial assistance and the appointment of external trust managers to agricultural enterprises subject to sanitation in agriculture since 1998, and yielded satisfactory