It will be easier for Russians to go bankrupt

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As of November 3, it will be easier for Russians to go bankrupt. An application for bankruptcy declaration can be made:
If the amount of debt is not less than 25 thousand rubles and not more than 1 million rubles, the relevant federal law comes into force. writes about this newspaper “TVNZ”.

The minimum amount previously reached 50 thousand rubles, and the maximum reached 500 thousand rubles.

The law also allows citizens and retirees whose sole income consists of social payments to file a personal bankruptcy case outside the court one year after the start of compulsory debt collection, while for other citizens this period will be seven years.

It is possible to declare yourself bankrupt outside of court for free under certain circumstances. To do this, you need to submit an application to the MFC (multifunctional center). According to Fedresurs (Unified Federal Register of Bankruptcy Information), since the beginning of 2023, about 250 thousand Russians have been declared financially bankrupt; This is a third of the number in the previous seven years. Their total number exceeded 1 million in September. Nearly 15 thousand citizens went bankrupt from the court.

Previously happened It is known how Russians will receive salaries if their employers go bankrupt.

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