This paper examines the problems of criminal liability for misconduct in bankruptcy, intentional and fictitious bankruptcy. On the basis of the study of civil, financial and other legislation a comprehensive criminal law analysis of these crimes is carried out. The paper considers some complex issues arising in the qualification of crimes stipulated by Art. 195-197 OF THE CRIMINAL CODE OF THE RF. Proposals for improvement of the current legislation have been made. The work may be useful both for law enforcement officers and for researchers, teachers, students of law schools, as well as for all those interested in criminal law.