Merchant bankruptcy regime, its reasons, nature, conditions, and types. Expected scenarios of termination of bankruptcy state (Preventive composition, simple composition and combination ofcreditors) Management of the assets of the bankrupt Merchant, its liquidation, distribution of the assets between creditors, the role of the court and its assigned  judge, and syndic. The judgment declaring bankruptcy; its consequences on political and civil rights of the bankrupt, merchant rehabilitation; its provisions, types, and consequences.