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Three-day time limit may be approved for termination of enforcement proceedings in Russia

... up with the initiative to reduce the deadlines for completing enforcement proceedings. On January 13, 2022, draft law No. 55151-8 was officially registered and sent for further discussion. If the legal document is adopted, the lives of many former debtors whose obligations have already been paid off will become noticeably easier. Instead of a two-month period, which is established by the current legislation for the termination of the collection, the deputies offer to approve a three-day period....

The number of bankrupt borrowers doubled in Russia

More than 400 thousand Russian citizens, unable to cope with the burden of accumulated debts, have officially become insolvent. The rate of ruin is growing both in comparison with the COVID-19 year 2020 and in comparison with the relatively calm 2019. The number of individuals declared bankrupt in January-September 2021 increased by 137 ...

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