Bankruptcy of the leading accounting to not release the bankrupt from the continuation of the proceedings at the time of the executive. Bankruptcy and Restructuring Law indicates the important role of accounting information created in the process of bankruptcy. Already at the stage of submission of the application for a declaration of bankruptcy need to be developed on the basis of data generated in the accounting of materials, reports and other information. Minimizing losses resulting from bankruptcy is not possible without a credible, reliable information about the financial position of the company. This requires the preparation of an appropriate knowledge base for those involved in the process. The range also includes the financial statements. From the moment of risk of bankruptcy until the end of the bankruptcy proceedings company manager responsible for their preparation, proper use and timely submission to the court. Data from accounting is the main source of information to enable the smooth running of the process of bankruptcy companies.