THE ANALYSIS OF FEATURES AND REASONS OF THE BANKRUPTCY OF NATURAL PERSONS

The article is dedicated to the possibilities of the application of the bankruptcy law of natural persons in Lithuania. Detailed analysis helps to disclose the factors influencing the bankruptcy of natural persons and to foresee additional means in order to avoid the insolvency and bankruptcy of natural persons. Therefore, a thorough assessment of significant circumstances is necessary, performing a multiple criteria analysis of bankruptcy experience not only in Lithuania but in other countries as well.