Exclusion of the Debtor’s Property from the Bankruptcy Estate as a Guarantee of Protection of Debtor’s Property and Personal Non-Property Rights

The need to exclude the debtor’s property from the bankruptcy estate as a guarantee of protection of his property and non-property rights can be explained by a long-term formation of bankruptcy legislation, which influenced the ideology of measures to protect the rights and interests of the debtor, the need to rethink measures to protect the debtor’s property and non-property rights in the context of an updated economically oriented and procedural legislation. The conflict of interests of the debtor and creditors is one of the intractable problems of the institution of bankruptcy, actualizing the improvement of mechanisms for protecting the rights of the debtor. The fact that the institution of bankruptcy of citizens provides mechanisms for the protection of personal non-property (natural) rights of a citizen along with mechanisms for the protection of his property rights does not contradict the property law criteria applied in this legal institution and highlighted in civil law science. The interconnectedness of the debtor’s property rights with his personal non-property rights serves as an ideological factor justifying the need to exclude certain types of property and income of the debtor from the bankruptcy estate, which are of a social nature, since they serve the life of the debtor, his personal needs and the needs of his family members.

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