Organizations are increasingly faced with the problem of bankruptcy, and the available literature covering this issue in detail is not systematic. Therefore, the problem of studying the bankruptcy of an organization is relevant. Research methods: method of system approach, analysis and synthesis, unity of historical and logical approaches, comparison, inference by analogy. Results: analyzed and systematized approaches to the concept of bankruptcy; the proposed definition of bankruptcy; defines the basic approaches to the definition of bankruptcy; the selected prediction model of bankruptcy for organizations of the Republic of Belarus.