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

... peculiarities of legal relations. We are talking about an assignment agreement, under which the previous creditor of a citizen (a bank) sold the debt to him to another company. This company, due to the citizen's default on the loan, turned to the latter with ... ... 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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