The death of a sole proprietor is an event that causes a number of consequences. One of them is the possibility of declaring bankruptcy of such an entity, unless a year has passed since his death. The regulations of the bankruptcy law are intended to help creditors assert claims against the deceased, and they also provide the possibility of settling inheritance debts through general execution. The purpose of this article is to present some of the most significant peculiarities of the proceedings and bankruptcy declared after the death of the entrepreneur, affecting the security of trade and the efficiency of bankruptcy law.