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Extrajudicial bankruptcy regulations may be soon changed in Russia

The Ministry of Economic Development is working on the issue of amending the law on insolvency as part of the procedure for out-of-court bankruptcy of citizens. Among the legal developments, there is a proposal to allow applicants to correct the data they indicated when initiating bankruptcy. Corrections of information may be related to the debtor's application for out-of-court bankruptcy, to which he will be entitled to make adjustments. It is proposed to set a deadline for such a possibility...

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