Russians increase demand for extrajudicial bankruptcy

In April-June, Russian multifunctional centers (MFCs) introduced free bankruptcy procedures for 1,651 citizens. as he wrote RBCAccording to Fedresurs statistics – the Unified Federal Bankruptcy Information Register – that’s a record number of citizens.

Compared to the first quarter, the number of applications approved increased by 28.8%.

In total, 2.7 thousand applications were received from Russians in the second quarter, the number of applications increased by 15.7% compared to the first quarter.

For the entire existence of the bankruptcy procedure for individuals in Russia, almost half a million citizens were considered bankrupt. Such data is provided by the Unified Federal Register “Fedresurs”. As the company stated, the pace of individual bankruptcies in January-February 2022 did not accelerate. But analysts are confident that the numbers will double by the end of 2022. Against the background of the sanctions, a six-month ban was imposed on the forced bankruptcy of citizens and enterprises at the request of creditors. Lawyers estimate that the measure will affect 5% of Russians. So, more than 7 million people.

Works at Yukov & Partners Bar Association Svetlana Tarnopolskaya thinksHe said the measure would affect about 5% of Russians. Banks or the Federal Tax Service can file for bankruptcy, he said.

“In 95 percent of cases, citizens initiate bankruptcy themselves. At the same time, more than 70% of company bankruptcies are initiated by creditors. Citizens who plan to get rid of their debts through bankruptcy proceedings will be able to do so. As before. But we must not forget about 5% of the total number of applications for bankruptcy of citizens. This 5% will be protected from possible bankruptcy by a moratorium. Bankruptcy filings of such citizens are mainly filed by banks and tax authorities.

According to Rosstat, as of January 1, 2022, the population of Russia reached 145.5 million people. In other words, the measure will affect 7.275 million people.



Source: Gazeta

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