This monograph presents the concept of bankruptcy (insolvency) law as a mechanism for implementing the principle of equality of creditors. Thus, the monograph reveals the nature and essence of this principle, presents the risk theory that substantiates it, and describes the features of its manifestation in a positive and negative sense. The structure of relations regulated by insolvency law is determined, the dynamics of bankruptcy legal relations are described, and the place of insolvency law in the legal system as an institution of the law of obligations is determined.The mechanism of insolvency law is disclosed through a description of bankruptcy proceedings, features of the fulfillment o