Risk management mechanisms in the bankruptcy procedures of industrial enterprises in the region

the article discusses the current problem of bankruptcy of industrial enterprises at the regional level and the identification of risks that arise at the stages of bankruptcy proceedings and affect the interaction of all its participants. It is noted that geopolitical instability and crisis phenomena in world markets lead to instability in the functioning of industrial enterprises and, as a result, their bankruptcy and liquidation. Risk management mechanisms arising in the bankruptcy process are of particular importance in solving this problem, since they arise at the final stage of the life cycle of industrial enterprises and directly affect the possibility and conditions for restoring their liquidity and financial stability. Objective: to identify risk management mechanisms in the bankruptcy procedures of industrial enterprises in the region, aimed at minimizing negative consequences for all stakeholders and improving the effectiveness of bankruptcy procedures. Methods: in achieving the goal, scientific research methods were used: analytical method, comparative analysis, graphical interpretation of data. Results: participants in the bankruptcy procedure face a variety of risks, which differ in their place of origin, external and internal manifestations, management methods and their minimization. This tool can be particularly acute at the regional level, for example, in the context of sanctions, the sustainability of industrial enterprises often depends on the level of development of regional markets, qualifications and sufficiency of labor, infrastructure development, and a number of other factors. Conclusion: the use of effective risk management mechanisms is becoming a critical tool in bankruptcy procedures at regional industrial enterprises.

bankruptcy, industrial enterprises, risks, impact reduction mechanisms, risk management