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THE DEBTOR MAY PROVIDE FALSE INFORMATION ABOUT INCOME WHEN CONCLUDING A LOAN AGREEMENT

In the framework of the bankruptcy case of a citizen, the courts considered the issue of releasing the debtor from obligations following the results of the procedure (case No. A56-57694/21). The courts of two instances refused to ... ... the debtor and proceeded from the following: • A credit institution, assessing its risks, has the right to refuse to provide a loan to a potential borrower, since it is not obliged to provide funds to each person who applied for a loan. • The conclusion ...

THE LITERACY TEST WAS PROPOSED TO BE MADE MANDATORY WHEN RECEIVING THE FIRST LOAN

... Duma proposed to make a mandatory financial literacy test for citizens applying for a loan for the first time. The author of the initiative is Alexander Demin, deputy head... ... situation in the economy. In addition, it should contain data on the real risks of bankruptcy of a citizen. The deputy from the New People faction notes that the mandatory... ... taken loans. Also, such an innovation will help reduce the risks of falling into a debt trap.

THE PRESENCE OF CREDITORS' STATEMENTS EXCLUDES THE TERMINATION OF BANKRUPTCY PROCEEDINGS IF ONE OF THEM IS UNFOUNDED

The creditor appealed to the court with an application for declaring the debtor bankrupt (case No. A41-27427/23). Having established the presence of signs of insolvency in the debtor and the failure to provide evidence of the impossibility of applying bankruptcy - debt restructuring procedure against the debtor (the debtor's lack of property and income), the court of first instance introduced debt restructuring procedure against the debtor, approved the financial manager and included the creditor's ...

THE BEAC HAS BEEN WRITING OFF LOANS TO VICTIMS OF TERRORIST ATTACKS AND MILITARY OPERATIONS FOR SEVERAL YEARS

Sberbank has decided to write off all loans to those who died from military and terrorist actions in the border territories of Russia. Since the first days of the Special Military Operation, the credit institution has focused on the continuity of its activities in the border territories of ...

CREDITORS BEGAN TO APPLY TO THE COURTS MORE OFTEN TO COLLECT SMALL DEBTS

For the third year in a row, Russian courts continue to close more and more claims for debt collection on loans and borrowings in the amount of up to 50,000 rubles. This is reported by Kommersant with reference to the statistics of the work of the courts. In the first six months of 2023, the number of completed claims increased by one and a half times to ...

A DRAFT LAW ON FREE LEGAL AID IN COURTS FOR PARTICIPANTS IN A SPECIAL MILITARY OPERATION WILL BE SUBMITTED TO THE DUMA

A bill providing for free legal assistance in courts for participants in a special military operation) will be submitted to the State Duma on November 1. We are talking about cases on termination of obligations to pay interest on loans and protection of inheritance rights. The author of the initiative, Deputy Speaker of the State Duma Boris Chernyshov, told TASS that the project should increase the level of legal support and protect the interests of veterans and participants ...

THE CENTRAL BANK PROPOSED TO CHANGE THE STRUCTURE OF THE MICROFINANCE MARKET

... also stimulate the supply of services and goods. "The main changes will affect the market of the most expensive consumer loans," the Central Bank said. Today, the regulator explains, a large volume of such consumer loans is provided at the highest ... ... third of them are reissued, and unpaid interest is transferred to the body of the new loan. Thus, Russians find themselves in a debt spiral. The Central Bank proposes to make a limit on the number of simultaneously valid contracts – 1 loan to maturity. Also,...

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

... collected from Tatiana N. half of the amount paid to the bank. The matter did not end there. The man continued to pay off the loan and after a while again demanded payment of the debt from the former through the court. He considered that the joint and several obligation had been fulfilled, therefore he has ... ... (subsection 1, paragraph 2, Article 325 of the Civil Code of the Russian Federation). By this time, Tatiana N. had gone through bankruptcy (case no.A41-82762/2020). She expected that her debts (including obligations to the credit institution) had been completely ...

THE SUPREME COURT REFUSED TO APPLY RESTITUTION AGAINST A THIRD PERSON

... agreement. For the principal, the obligation under the contract was fulfilled by his parent company, which then concluded a loan agreement with him for the amount of the obligation. A year later, the principal was declared bankrupt, and the loan agreement ... ... the Civil Code of the Russian Federation. The Supreme Court also recalled that the person who fulfilled the obligation for the debtor has no right to demand the return of performance, even if the agreement between him and the debtor is declared invalid....

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