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Record growth of bankruptcies recorded in Russia in spring 2022

... reason for the active spread of the procedure is the awareness of citizens about such a possibility. Over the years, the number of people who learn about their right to file for bankruptcy and write off debts has grown, reports Forbes . If we talk about bankruptcy of individuals, in the majority of cases they initiate the proceedings themselves. Basically, these are the least well-off categories of the population, for whom the measure becomes a way out of the debt hole. That is why the bankruptcy moratorium ...

The number of bankrupt borrowers doubled in Russia

... been declared bankrupt. At the same time, the number of such bankruptcies in the first nine months of 2021 turned out to be 80% more than in 2020. Compared to 2019, the number of bankruptcies increased by 188%, which means that it has almost doubled. Statistics show that in most cases (95.1%) the initiative for launching the bankruptcy proceedings of citizens belongs to them. People simply cannot pay off their debts and file applications in court. Situations when tax authorities initiate proceedings ...

NUMBER OF BANKRUPTCY CASES BEGAN TO GROW IN RUSSIA

For the first time since 2017, an increase in the number of bankruptcies became the result of the first half of the year. Experts associate this both with the general economic situation and the consequences of the pandemic, and with the lifting of the moratorium, which nevertheless restrained the wave of bankruptcies. The number of creditors, who announced their intention to bankrupt their debtors, increased by 30% compared to the same period of the previous year. It is worth saying that since...

THE NUMBER OF INDIVIDUAL BANKRUPTCIES IN RUSSIA GREW BY 71%

According to the results of January and February 2021, representatives of Fedresurs reported an increase in the number of individual bankruptcies. In two months, 24.8 thousand people went bankrupt, which is almost 71% more than the same period last year. The Ministry of Economic Development stated that the reason for the dynamics could be not only economic factors, but also an increase in the knowledge of citizens about the procedures associated with bankruptcy. The growth in the number of bankruptcies...

THE NUMBER OF BANKRUPTCIES OF RUSSIANS GREW BY 73%

... bankruptcies less often - their rate fell from 1.7% to 1% and from 7.5% to 4.6% for bankruptcy creditors. We should recall that the bankruptcy of individuals has existed since 2015. In total, just over 282 thousand Russians managed to declare bankruptcy during ... ... procedures began to be introduced even less frequently - in 7,775 cases, which is 23.3% lower than in 2019. Experts believe that such statistics on corporate bankruptcies is explained by the introduction of a moratorium, which was in effect until January 7, 2021....

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