The Impact of Simplified Bankruptcy Financing Model Mechanisms on the Activities of Court Receivers and Their Effectiveness

This article analyzes the changes made to the model of financing court liquidators in bankruptcy cases considered under a simplified procedure in the Republic of Uzbekistan. At the same time, based on Law No. O‘RQ-763 adopted on April 13, 2022, the practice of financing the monthly salaries of court liquidators and expenses related to the bankruptcy process from the state budget was abolished, and a procedure was introduced for the plaintiff to make these payments simultaneously with the application of the claim. According to the results of the study, the impact of this change in the financing model on reducing financial disruptions in the activities of court liquidators, ensuring continuity in the conduct of bankruptcy cases, and increasing the efficiency of liquidation processes is scientifically and practically assessed. The article analyzes the legal basis of the new procedure, its application in practice, and some emerging problematic aspects, and develops a proposal aimed at further improving the institution of bankruptcy.