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

... out to be persistent and went further. When the complaint got to the Supreme Court of the Russian Federation, the Economic 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 without additional prolongation of the debt, then the buyer of this debt (the assignee), had the same rights. As a result, the ...

Supreme Court of Russia resolved the issue of initiating bankruptcy due to deed of assignment

... the fact that the applicant himself did not have the status of a credit institution, he had the right to initiate bankruptcy without a judicial act. The thing is that under an assignment agreement, the assignee accepts the amount of rights that the assignor himself has under the agreement from the assignor. Thus, if the original contract on which the claimant based his claims did not need to prolong the debt in order to file for insolvency, then the same procedure should be applied when transferring ...

THE COURT SET OUT THE RIGHT TO PROCEDURAL SUCCESSION OF INSIGNIFICANT DEBT

... considering that there was no economic feasibility in the transaction for the applicant, but the district court did not support this opinion. Initially, there was a controversial debt to the tax inspectorate, but later it was paid off by an individual (assignor under an assignment agreement). After a while, the debt was again assigned to the applicant on a cassation appeal. For the purposes of procedural succession, the man presented an assignment agreement, as well as a receipt, according to which ...

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