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Bankruptcy in foreign countries: is it possible to write off debts and keep property in Russia?

Do Russian citizens have the opportunity to avoid bankruptcy in Russia by obtaining bankruptcy status abroad? Experts of the "ELKO profi" law firm Dmitry Shaportov and the chief legal adviser of the department of judicial work of the "ELKO profi" law firm Andrey Nemov are explaining the peculiarities of the issue. You or your company is declared ...

WHAT WILL THE BANKRUPTCY MORATORIUM LEAD TO?

... decent period, during which it is possible to either prepare for the procedure, accumulate all sources of income, find a reliable lawyer, or completely solve all financial problems. bankruptcy, bankruptcy of legal entities, bankruptcy of individuals, bankruptcy moratorium 2022, experts, columnists, state support

5 Important Trends of subsidiary liability in bankruptcy

... subsidiary liability continues to be relevant among participants in civil cases. The past year 2021 was rich in the positions of the courts on this issue. Vladimir Kuznetsov, the Vice-President of the Association of Lawyers for Registration, Liquidation, Bankruptcy and Legal Representation, told Rusbankrot about the latest trends in the changing practice. First of all, it is worth noting the points regarding the criteria for bringing to subsidiary liability . Last autumn, two definitions of the Supreme ...

Experts predict a decrease in the number of bankruptcies

... global scale in 2021. Last year practice led to a 12% reduction. According to experts, in European countries, government support measures have allowed 50% of companies to stay afloat, and in the United States, the number of such companies is about 33%. Experts predict that in 2022, the number of insolvency verdicts may increase by 15%. This will actually return the bankruptcy situation in terms of intensity to the state it was before the start of the pandemic. But even in this case, the number of bankruptcies will remain less than the level of 2019 by at least 4%. Experts say that a lot will depend on the market ...

IS BANKRUPTCY AS GOOD AS IT SEEMS TO BE?

Lola Bakaeva, a legal adviser of the ELCO Profi Law Office, prepared a detailed material on the risks and negative consequences of the bankruptcy procedure for individuals. Is it safe and can bankruptcy be called a real way to get rid of the debts? Bankruptcy of indIviduals is advertised today literally at every corner. However, no matter how attractive the idea of getting rid of ...

WHAT CHANGES WILL TAKE PLACE WITH THE INTRODUCTION OF A NEW BANKRUPTCY LAW?

Konstantin Zautrennikov, the leading lawyer of Prospectacy company, spoke about the dramatic changes that the new bankruptcy law is going to bring. How will this affect the current situation and does the document coincide with the position of the Supreme Court? A bill No. 1172553, which envisages the introduction of the large-scale and radical changes to the Federal ...

HOW WILL THE TERMINATION OF MORATORIUM AFFECT BANKRUPTCY?

... of the moratorium. Expected consequences of the moratorium Regardless of the fact that the number of applications has not yet increased to serious indicators, experts believe that in the nearest future, we should expect an increase in cases of filing bankruptcy applications, which were postponed due to the introduction of a moratorium. Experts from the fields of trade, construction, real estate and other areas also agree that this process is inevitable. The uncertainty of the economic situation both in the state and around the world also has a significant impact on the situation. Therefore,...

case: WHAT TO DO IF A DISASSEMBLED CAR WAS GIVEN TO THE TENDER MASS

Ilya Komissarov, senior partner of VILEX GROUP, told about the recovery of losses for the return to the competitive mass of the car in disassembled form. The bankruptcy trustee of the company decided to challenge the transaction, since it was made between affiliated persons during the period of the company's insolvency – in order to harm the property rights of other creditors. The court declared the transaction ...

10 MYTHS ABOUT BANKRUPTCIES OF INDIVIDUALS

Development Director of the UDM Group legal company Dmitry Dmitriev told Rusbankrot about the main myths associated with bankruptcy. Is it true that in case of bankruptcy, you can lose your apartment, parental rights, and even burden your relatives with debts? The expert answers. Myth 1: you can go bankrupt with a debt of 500 thousand rubles or more This is not true. ...

HOW TO CHECK THE WORK OF CONTRACTING PARTIES

Yulia Pavlova, the chief tax consultant of the Tax Compliance legal coompany, has prepared an up-to-date material with details of a competent check of contracting parties. The expert told how to avoid dubious counterparties and protect yourself against unwanted checks. Doubtful contracting parties can become the grounds for claims filed by the tax authorities. The practice of conducting field tax audits under Art. 54.1 of the Tax Code of the Russian Federation demonstrates the addition of VAT and...

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