Annotation

The article examines the legal aspects of placing a debtor’s funds in a bank deposit during personal bankruptcy proceedings. The author identifies the absence of a direct legislative prohibition on placing the debtor’s funds in a deposit, while noting the existence of de facto restrictions arising from the obligation to use a single bank account. The paper analyzes cases in which the temporary placement of funds in a deposit may serve the interests of debtor and creditors. A comparative legal analysis of foreign legislation reveals that some legal systems contain mandatory or recommendatory provisions requiring the opening of interest payable bank accounts. As a result, the author concludes that legal regulation should be improved to manage temporarily undistributed funds to minimize their depreciation and enhance the efficiency of bankruptcy procedures.