The Government Commission on Legislative Activities approved the Ministry of Economic Development’s initiative to expand out-of-court debt cancellation possibilities. According to the newspaper’s report, we are talking about increasing the maximum amount of extrajudicial debt cancellation to 1 million rubles and the right to apply for cancellation for pensioners and women on maternity leave. “News”With reference to the press service of the cabinet.
As the Ministry of Economic Development told the publication, the bill could be submitted to the State Duma and adopted at its spring session. According to the document, it is planned to increase the maximum amount of debt that can be written off from 500 thousand rubles to 1 million rubles. In addition, retirees and women on maternity leave will have the right to apply for deregistration. In the current version of the law, they cannot do this as they have a fixed income in the form of pensions and benefits.
Citing an explanatory note to the bill, Izvestia writes that it “aims to increase the availability of out-of-court bankruptcy procedures for citizens.”
Citing the results of a study previously conducted by RIA Novosti, Central Bank (CB) analysts reportedIn 2022, less than a quarter of Russian households had debt.