The rules governing the bankruptcy of companies from the perspective of employee protection

Companies supplies present and future needs of their employees. Therefore, the survival of the company is very important for its employees. However, in some cases the bankruptcy of the company and entry into the process of liquidation is inevitable. The present study uses a descriptive-analytic approach and comparatively, sought to answer the key questions that bankruptcy rules of Iranian commercial companies how much support to the workforce and are available tools in this context efficient or not? The results of the research show that the legal system of Iran in comparison with the French and British has poor regulations about the prevention of corporate bankruptcy and the preservation of employees' job position. Support mechanisms for employee claims (such as privileging employees' claims) are also ineffective and inefficient. Therefore it is necessary that in the new draft law on the commercial, in addition to strengthening the protection of employees' right to receive their claims, based on social interests an insurance institution be provided.