PROSPECTS FOR IMPROVEMENT OF LEGAL REGULATION OF FINANCIAL RECOVERY PROCEDURE Malikov Ayvar Fanilevich, postgraduate student. <...> Place of study: Financial University under the Government of the Russian Federation. <...> To research the procedure of financial recovery, its efficiency, problems of its enforcement and ways of legislation improvement in this area. <...> During the study of this problem, the author relied on theoretical studies of Russian and foreign scientists studied the statutory acts both existing laws and draft laws. <...> The method of comparative law was used; the statistics of rehabilitation procedures application during bankruptcy was also applied. <...> The author reveals the reasons that prevent the effective implementation of the financial recovery procedure and suggests the ways of improving the legislation for more effective application of the procedure. <...> Cowenberg, O. Survival Rates in Bankruptcy Systems: Overlooking the Evidence // European Journal of Law and Economics. 12. 2001. 15. <...> В ходе изучения данной проблематики автор опирался на теоретические исследования российских и зарубежных ученых, изучались нормативно-правовые акты как действующие, так и законопроекты. <...>