The work provides a series of practical and operational guidance necessary for the proper conduct of professional activity in the area of bankruptcy law. The work deals with the bankruptcy discipline in all its stages. Thus first, the prerequisites for the declaration of bankruptcy, the judgment for the declaration of bankruptcy and the organs of bankruptcy proceedings are analyzed. Next, the effects of bankruptcy for the bankrupt, creditors, on acts detrimental to creditors, pre-existing legal relations and individual contracts are examined. Finally, the stages of custody and administration of bankruptcy assets, assessment of liabilities, liquidation and distribution of assets, and the closing and reopening of bankruptcy are examined. In addition, the institutions of exoneration, bankruptcy arrangement, and the regulation of bankruptcy offenses are also briefly discussed. In addressing these issues, major doctrinal and jurisprudential issues are also considered in addition to describing the legislation. In addition, to enable a detailed and comprehensive examination of the topics covered, useful case law references have been included by reporting the maxims and distinguishing with red color those that are most innovative, with blue color those that represent an established orientation and in simple italics isolated pronouncements. Concluding certain chapters are practical cases in the form of a question and answer outlined by the indication of one or more case law maxims.