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Supreme Court of Russia outlined who has the right to initiate simplified bankruptcy procedures

... citizen's default on the loan, turned to the latter with a demand to repay the debt. Due to the fact that this did not happen, the assignee applied to the court to declare the individual insolvent. The courts of three instances consistently refused to accept ... ... without additional prolongation of the debt, then the buyer of this debt (the assignee), had the same rights. As a result, the decisions of the lower instances were canceled, and the dispute was sent for reconsideration to work on the errors ( decision ...

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