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

... 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 decisions of the lower instances were canceled, and the dispute was sent for reconsideration to work on the errors ( decision No. 306-ES21-19441 of March 18, 2022).

Supreme Court of Russia explained what to do with a pledge lender who failed to file the claims in time

The Economic Board of the Supreme Court of Russia considered the case on the complaint of the debtor, who remained dissatisfied with the result of the decisions made by the lower instances. The judges reinstated the deadline for filing an application for the inclusion in the register of creditors’ claims of a claim of a pledge lender, who failed to do it in time, although the debtor believed that the ...

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