RusBankrot - Liquidation and Bankruptcy social media

13 March

The Supreme Court refused to forgive the debts of an unemployed debtor

13 March

The Supreme Court refused to forgive the debts of an unemployed debtor

Bankruptcy practices for individuals in Russia continue to tighten. The Economic Collegium of the Supreme Court of the Russian Federation issued a rul...

3 March

NOVOSIBIRSK OIL REFINERY INITIATES BANKRUPTCY PROCEDURE

3 March

NOVOSIBIRSK OIL REFINERY INITIATES BANKRUPTCY PROCEDURE

The head of VPK-Oil, Evgeny Belenetsky, announced his intention to apply to arbitration with a statement declaring the company insolvent. It is this o...

2 March

RUS INDOR, AN ADVERTISING OPERATOR, IS AT RISK OF BECOMING BANKRUPT

2 March

RUS INDOR, AN ADVERTISING OPERATOR, IS AT RISK OF BECOMING BANKRUPT

The Moscow advertising agency RMG has initiated a lawsuit to declare the insolvency of Rus Indor, a major player in the indoor advertising market. A c...

27 February

THE FEDERAL TAX SERVICE ASKED THE COURT TO DECLARE BANKRUPT THE DESIGNER OF THE MANSION OF THE HEAD OF ROSTEC

27 February

THE FEDERAL TAX SERVICE ASKED THE COURT TO DECLARE BANKRUPT THE DESIGNER OF THE MANSION OF THE HEAD OF ROSTEC

The Moscow Arbitration Court (AS GM) received a statement from the Federal Tax Service with a request to declare interior designer Manana Hern...

26 February

EXCLUSION OF A SINGLE DWELLING FROM THE COMPETITIVE MASS: LUXURY CRITERIA AND THE COMPOSITION OF THE DEBTOR'S FAMILY

26 February

EXCLUSION OF A SINGLE DWELLING FROM THE COMPETITIVE MASS: LUXURY CRITERIA AND THE COMPOSITION OF THE DEBTOR'S FAMILY

The debtor applied to the court for the exclusion of a residential building and a land plot from the bankruptcy estate (case no. A51-8617/21).

25 February

THE ECONOMIST WARNED ABOUT THE BANKRUPTCY OF SOFTWARE DEVELOPERS

25 February

THE ECONOMIST WARNED ABOUT THE BANKRUPTCY OF SOFTWARE DEVELOPERS

A well-known economist and author of the theory of rare catastrophic events warns market participants about the high probability of a serious collapse...

24 February

BEAC INITIATES BANKRUPTCY OF EQUIPMENT SUPPLIER FROM MAGNITOGORSK 16+

24 February

BEAC INITIATES BANKRUPTCY OF EQUIPMENT SUPPLIER FROM MAGNITOGORSK 16+

The largest Russian creditor went to court with a demand to recognize the financial insolvency of the Magnitogorsk company. Sberbank PJSC has filed fo...

20 February

LIMITS OF THE OBLIGATION TO TRANSFER DOCUMENTATION IN BANKRUPTCY PROCEEDINGS

20 February

LIMITS OF THE OBLIGATION TO TRANSFER DOCUMENTATION IN BANKRUPTCY PROCEEDINGS

The manager applied to the court to request documents from the companies (case no. A40-83289/24).

19 February

VTB INITIATES BANKRUPTCY OF OIL STRUCTURES OF EX-HEAD OF SIBUR

19 February

VTB INITIATES BANKRUPTCY OF OIL STRUCTURES OF EX-HEAD OF SIBUR

The financial difficulties faced by Yakov Goldovsky's oil business led creditors to decide to launch an insolvency recognition mechanism. A large ...

18 February

ARBITRATION LAUNCHED BANKRUPTCY PROCEEDINGS AT THE STAVROPOL "ALIA GROUP"

18 February

ARBITRATION LAUNCHED BANKRUPTCY PROCEEDINGS AT THE STAVROPOL "ALIA GROUP"

The Stavropol Arbitration Court (AS IC) recognized the insolvency of the Alia Group company. A legal entity based in the village. Advanced ...

News

13 March

Modular sauna manufacturer Hygge faces bankruptcy filing

A St. Petersburg court found procedural flaws in the bankruptcy petition filed against the Hygge company. The company manufactures modular saunas and ...

3 March

NOVOSIBIRSK OIL REFINERY INITIATES BANKRUPTCY PROCEDURE

The head of VPK-Oil, Evgeny Belenetsky, announced his intention to apply to arbitration with a statement declaring the company insolvent. It is this o...

13 March

The Supreme Court refused to forgive the debts of an unemployed debtor

Bankruptcy practices for individuals in Russia continue to tighten. The Economic Collegium of the Supreme Court of the Russian Federation issued a rul...

3 March

FROM THE FAMILY GARAGE TO THE COMPETITIVE MASS

The manager applied to the court for invalidation of the transaction on the transfer of funds by the debtor to the former spouse, as well as for inval...

NEW CLAIMS

13 March

A construction company belonging to a former regional deputy is being declared bankrupt in Saratov

The Saratov Arbitration Court (AS SO) has initiated bankruptcy proceedings for a regional player in the construction market. The bankruptcy pe...

28 May 2025

TAX AUTHORITIES BANKRUPT OUTDOOR ADVERTISING OPERATOR RIGHT OUTDOOR

MI Federal Tax Service No. 25 of the capital has applied to arbitration with a claim for the insolvency of Right Outdoor Media, a well–known outdoor a...

22 May 2025

DISTRIBUTOR OF BUGATTI AND CASA MODA BRANDS ON THE VERGE OF BANKRUPTCY

The financial and operational problems of Intermoda, a major Russian distributor of European clothing, have reached a critical stage. On May 19, a sta...

28 March 2025

A LAWSUIT FOR 400 MILLION WAS FILED AGAINST RAVIL ZIGANSHIN'S COMPANY

The Volga Construction Company filed an application to the arbitration of Tatarstan, demanding 400 million rubles from the Kazan Industrial and Constr...

People

10 January 2024

FOR WHAT REASONS CAN A COURT NOT RELEASE A DEBTOR CITIZEN FROM HIS OBLIGATIONS?

After completing settlements with bankruptcy creditors and consideration by the court of the report on the results of the sale of a citizen's prop...

CONTESTING A TRANSACTION BETWEEN A DEBTOR AND AN EX-FOUNDER COMPLICATED BY A CORPORATE CONFLICT

The issue of challenging the transaction between the debtor and the ex-founder deserves special attention in the bankruptcy court practice. In particu...

18 September 2023

THE DIFFERENCE BETWEEN THE SIGNS OF INSOLVENCY AND THE CASH GAP

The term "cash gap", unlike the term "insolvency", is not a legal concept. Moreover, the term "cash gap" is not in the l...

26 May 2023

PROJECTS & Draft laws

THEY WANT TO HELP RUSSIAN BUSINESSES RECOVER ASSETS FROM ABROAD

A bill has been submitted to the State Duma aimed at protecting the interests of Russian entrepreneurs and simplifying the process of transferring ass...

23 April 2025

A DRAFT LAW ON FREE LEGAL AID IN COURTS FOR PARTICIPANTS IN A SPECIAL MILITARY OPERATION WILL BE SUBMITTED TO THE DUMA

A bill providing for free legal assistance in courts for participants in a special military operation) will be submitted to the State Duma on Nove...

1 November 2024

THE STATE DUMA HAS ADOPTED A LAW ON THE TAX ON CRYPTOCURRENCY

The State Duma adopted in the third reading a bill providing for the introduction of taxation of digital currency. Amendments are proposed to the Tax ...

27 November 2024

THE BUSINESS PROPOSED TO MITIGATE THE EFFECTS OF TAX CHANGES

The Opora Russia business association has proposed to introduce an annual indexation of the income threshold, at which taxpayers of the simplified tax...

18 October 2024

Lawyer jokes

Dirt, expired products and cockroaches: what has been found during the checks in 'Dodo' pizzerias?

12 November 2021

DODO PIZZA: A FINANCIAL BUBBLE WITH MONEY LAUNDERING

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18 July 2025

Are you hiring employees? Check your passports: cases of forged documents have become more frequent

Employers should be more careful when checking the documents of new employees — cases of using fake or stolen passports have become more frequent.

25 February 2025

RESIDENTS OF THE KURSK REGION WILL BE ABLE TO TAKE A PREFERENTIAL MORTGAGE FOR 2%

Residents of the Kursk region will be able to take advantage of the opportunity to improve their living conditions thanks to a new preferential mortgage program offering a rate of 2% per annum. This is reported on the website of the Ministry of Finance.

21 January 2025

BANKS HAVE RAISED CREDIT CARD RATES

The largest Russian banks have increased their credit card rates. In a number of credit institutions, credit card rates have exceeded 50%.

12 November 2024

ROSSTANDART APPROVED GOST FOR WINE LISTS IN RESTAURANTS

The share of Russian wines in the menu of cafes and restaurants in the Russian Federation should be at least 20% of the entire assortment. The corresponding state standard was approved by Rosstandart.

7 November 2024

THE LITERACY TEST WAS PROPOSED TO BE MADE MANDATORY WHEN RECEIVING THE FIRST LOAN

The State Duma proposed to make a mandatory financial literacy test for citizens applying for a loan for the first time. The author of the initiative is Alexander Demin, deputy head of the New People party.

31 October 2024

INDIVIDUAL LENDERS WERE ORDERED TO PAY PERSONAL INCOME TAX WITH INTEREST

On October 24, 2024, the Judicial Board for Economic Disputes of the Supreme Court of the Russian Federation issued a precedent-setting decision concerning the taxation of interest on loans issued by individuals (case No. A40-147367/2023). According to him, the interest received by citizens from such loans should be taxed on personal income (personal income tax), and not on professional income, as previously assumed.

11 October 2024

ALFA-BANK RAISES THE INITIAL MORTGAGE PAYMENT

Alfa-Bank raises the amount of the down payment on family and IT mortgages. From October 11, its minimum amount will start from 50.1% of the cost of housing, the bank told TASS.

9 October 2024

BANKS HAVE INTRODUCED A NEW COMMISSION FOR MORTGAGES

Since October, Russian credit institutions have been introducing a new commission – about 6.5% of the loan amount - on mortgages under market programs. The fee will apply to housing developers or borrowers themselves.

27 September 2024

THE ISSUANCE OF CAR LOANS INCREASED BY 97.6%

In January-August of this year, the issuance of car loans in Russia increased by 97.6% compared to the same period last year and reached 1.6 trillion rubles. This was announced by the National Bureau of Credit Histories.

26 September 2024

MOST RUSSIANS INITIATE BANKRUPTCY ON THE ADVICE OF BORROWERS

Up to 90% of debtors in Russia turn in one way or another to intermediary companies engaged in "solving problems" with overdue debts. A significant part of borrowers recommends that citizens go through bankruptcy proceedings, often aggravating the borrower's situation, said Anastasia Lyapunova, head of the bankruptcy and Corporate Disputes department at the law firm Lyapunov, Terekhin and Partners. According to her, the insolvency procedure is an extreme measure that should be applied only in exceptional cases.

19 September 2024

THE BEAC SUSPENDS THE ISSUANCE OF FAMILY MORTGAGES

Sberbank temporarily suspends registration for a preferential family mortgage deal from September 18. The decision was made due to the exhaustion of the cash limit.

21 August 2024

MBANK HAS SUSPENDED TRANSFERS THROUGH RUSSIAN BANKS

The large Kyrgyz bank mBank has suspended transfers through Russian credit institutions for an indefinite period. Payments are not available in both directions.

6 August 2024

BEAC RAISED RATES ON 3 SHORT-TERM DEPOSITS

Sberbank has increased rates on three deposits. We are talking about short-term deposits, Forbes reports with reference to the press service of the credit institution.

15 July 2024

YOUTUBE IN RUSSIA MAY BE BLOCKED IN SEPTEMBER

Finally, the American YouTube video hosting in Russia may be blocked in the fall of this year. This is reported by the newspaper.Ru" with reference to sources.

4 July 2024

THEY WANT TO BAN THE ARREST OF SINGLE FATHERS

A bill banning the arrest of single fathers for administrative offenses has been submitted to the State Duma. The initiative will affect men who raise children up to 14 years old alone.

22 May 2024

ARE THE "BIRCHES" COMING BACK? THE MINISTRY OF FOREIGN AFFAIRS IS PREPARING DOCUMENTS FOR THE OPENING OF DUTY-FREE SHOPS

The Russian Foreign Ministry is preparing documents for the opening of duty-free shops. They may open in Moscow and St. Petersburg, RIA Novosti writes.

14 May 2024

MICROSOFT HAS UNLOCKED UPDATES FOR USERS FROM RUSSIA

Access to Windows and Office updates has become available to Russians. Microsoft cloud software products are also still available for IT companies from the Russian Federation.

27 April 2024

E. COLI WAS FOUND IN PERRIER

2 million bottles of Perrier mineral water destroyed in France by Nestle Waters. The thing is that the mineral well from which the water is extracted turned out to be infected with bacteria of fecal origin.

4 April 2024

ALL-RUSSIAN CENTER OF PUBLIC OPINION: RUSSIANS CONSIDER TAX COLLECTION AT A SINGLE RATE UNFAIR

The collection of the approach tax at a single rate of 13% from all Russians was called unfair by 67% of the surveyed citizens. The corresponding survey was conducted by the All-Russian Center for the Study of Public Opinion (VTSIOM).

4 April 2024

THE NUMBER OF RUSSIANS WITH LOANS HAS REACHED 50 MILLION

The number of citizens with loans has reached 50 million, the Bank of Russia cited statistics as of January 1, 2024. This is more than 40% of Russian citizens over the age of 16. The total amount of debts of Russians in 2023 increased by 6.4 trillion rubles.

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