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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 ... ... Board noted that in the case of an assignment, the entire volume of rights that the seller of the debt possessed passes from the assignor to the assignee. Thus, if the assignor (bank) by law had the right to initiate a case on the insolvency of a citizen ...

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