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The court removed non-residential premises from bankruptcy estate

The Arbitration Court of the Krasnodar Territory issued a ruling, according to which non-residential premises and a land plot were excluded from the bankruptcy estate of the debtor. The building was subject to the rule of executive immunity, with a proviso that the building was the only habitable property. As part of the bankruptcy case of an individual, his bankruptcy trustee applied to the court with a request to exclude ...

What property should be excluded from the bankruptcy estate

... disputed premises may not be included in the bankruptcy estate, however, obligations to pay debts will not be written off from military personnel upon completion of the procedure until their full repayment. Another object that can be excluded from the bankruptcy estate is a land plot that was provided to the debtor as a measure of social support for large families. In relation to this property, the arbitration court has the right to apply the rule on the executive immunity of the only housing if the plot was provided to the family in order to improve housing conditions, if the family has no other housing, and the construction on the land plot has ...

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