Objective: Bankruptcy the most important topics of the Commercial Code. Methodology: The effects and the negative effects it only stuck skirt bankrupt businessman or not, but depending on the extent of the scope trader or trading company, dealing with business partners or third parties and creditors and the company that will be affected and sometimes, if the extent of the company, to more bankruptcies and unemployed workers, and the consequences for the economy also leads to havoc. Due to the harmful effects of the law to deal with that is the idea. Results: The theoretical basis is very important in the discussion of bankruptcy until the dare say failure bankruptcy rules from the beginning until now, no study has theoretical basis and Now that the business is changing eighty years after the adoption of rules that need to be established in the wake of its bankruptcy in its rightful place. Conclusion: And relying on the experience of the past eight decades and pathology of the new design rules and efficient bankruptcy rules to isolate and prevent bankruptcy claims.