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THE SUPREME COURT HAS PROTECTED THE WIFE WHO WENT BANKRUPT FROM THE FINANCIAL DEMANDS OF THE EX-SPOUSE

... subsequently supported by the appellate and cassation instances. The Supreme Court of the Russian Federation, where Tatyana N. complained, drew the attention of the participants in the litigation to paragraph 2 of the Resolution of the Plenum of the Supreme Court of the Russian Federation No. 63. It states that current payments can only be considered claims for the period that expired after the initiation of bankruptcy proceedings. Loan payments are not considered periodic. When a person periodically pays money to the bank as a loan obligation, this only indicates the procedure for fulfilling the obligation agreed upon by the parties to the transaction. As a result, the Supreme ...

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