Search

DEBTORS WILL BE GIVEN THE OPPORTUNITY TO REQUEST THE RESUMPTION OF ENFORCEMENT PROCEEDINGS

The Government of the Russian Federation has approved a bill setting a deadline for the resumption of suspended enforcement proceedings – up to three years. The relevant draft was prepared by the Ministry of Justice pursuant to the decision of the Constitutional Court. As explained in the explanatory note, the proposed changes will give the debtor the opportunity ...

The Court of Appeal indicated when enforcement proceedings cannot be terminated

The bankruptcy trustee initiated a case to terminate the enforcement proceedings. The case was initiated on the basis of the court order which was issued earlier and was based on the losses that the bankruptcy trustee had caused to the debtor company. However, neither the court of first instance nor the court ...

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

Several deputies of the State Duma came 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 ...

Supreme Court of Russia allowed the introduction of a flexible bankruptcy moratorium

... circumstances, the highest court proposed to refer to the arbitration courts, reports "Fedresurs" . The Federal Tax Service and a number of banks insist on the need to “freeze” the provision providing for the possibility of suspending collections in enforcement proceedings in respect of debts that arose before April 2022. The corresponding draft law was even developed by the Ministry of the Economic Development, but so far it has not been passed to the State Duma of the Russian Federation.

Court Bailiffs Service closed exit from the country for 11 million Russians in 2021

... for 11 months of the past year. This number is steadily growing year by year, and if in 2019 7 million Russians were banned, in 2020 there were already 8 million. The measure is applied to citizens who have more than 30 thousand rubles of debts in enforcement proceedings. The exception is alimony debtors - for them it is enough to accumulate a debt of 10 thousand rubles. According to the President of the National Association of Professional Debt Collection Agencies Elman Mehdiyev, the number of ...

Supreme Court of Russia ordered to check what will be left to a retiree after the debt recovery

... Krasnoyarsk, the debtor had two sources of income: a disability pension and a monthly cash payment due to his health condition. At the same time, according to the law, the last source of income could not be subject to collection within the framework of enforcement proceedings. Therefore, the pension turned out to be ‘under the blow’ of the bailiff. Initially, the withholding amount was half of the total retirement benefit. Then it was reduced to 10% and, nevertheless, the debtor did not have enough ...

Sorted by relevance | Sort by date