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Experts predict a decrease in the number of bankruptcies

State support provided to businesses by the governments of different countries during the pandemic has been reducing the number of bankruptcies for the second year in a row. This is the conclusion made by the experts of the Euler Hermes insurance company, predicting a decrease in the total number of bankruptcies in 2021. Experts call the continuing monetary policy pursued by the financial regulators in different countries as another factor influencing such ...

case: WHAT TO DO IF A DISASSEMBLED CAR WAS GIVEN TO THE TENDER MASS

Ilya Komissarov, senior partner of VILEX GROUP, told about the recovery of losses for the return to the competitive mass of the car in disassembled form. The bankruptcy trustee of the company decided to challenge the transaction, since it was made between affiliated persons during the period of the company's insolvency – in order to harm the property rights of other creditors. The court declared the transaction invalid and obliged the counterparty to return the property to the bankruptcy estate...

Bankruptcy in foreign countries: is it possible to write off debts and keep property in Russia?

Do Russian citizens have the opportunity to avoid bankruptcy in Russia by obtaining bankruptcy status abroad? Experts of the "ELKO profi" law firm Dmitry Shaportov and the chief legal adviser of the department of judicial work of the "ELKO profi" law firm Andrey Nemov are explaining the peculiarities of the issue. You or your company is declared ...

WHAT WILL THE BANKRUPTCY MORATORIUM LEAD TO?

... it is possible to either prepare for the procedure, accumulate all sources of income, find a reliable lawyer, or completely solve all financial problems. bankruptcy, bankruptcy of legal entities, bankruptcy of individuals, bankruptcy moratorium 2022, experts, columnists, state support

5 Important Trends of subsidiary liability in bankruptcy

The issue of bringing citizens and legal entities to subsidiary liability continues to be relevant among participants in civil cases. The past year 2021 was rich in the positions of the courts on this issue. Vladimir Kuznetsov, the Vice-President of the Association of Lawyers for Registration, Liquidation, Bankruptcy and Legal Representation, told Rusbankrot about the latest trends in the changing practice. First of all, it is worth noting the points regarding the criteria for bringing to subsidiary...

IS BANKRUPTCY AS GOOD AS IT SEEMS TO BE?

Lola Bakaeva, a legal adviser of the ELCO Profi Law Office, prepared a detailed material on the risks and negative consequences of the bankruptcy procedure for individuals. Is it safe and can bankruptcy be called a real way to get rid of the debts? Bankruptcy of indIviduals is advertised today literally at every corner. However, no matter how attractive the idea of getting rid of all the debts is, it should be understood that bankruptcy is not an easy procedure. On the one hand, it pursues the...

WHAT CHANGES WILL TAKE PLACE WITH THE INTRODUCTION OF A NEW BANKRUPTCY LAW?

Konstantin Zautrennikov, the leading lawyer of Prospectacy company, spoke about the dramatic changes that the new bankruptcy law is going to bring. How will this affect the current situation and does the document coincide with the position of the Supreme Court? A bill No. 1172553, which envisages the introduction of the large-scale and radical changes to the Federal Law ‘On Insolvency (Bankruptcy)’ and to certain legislative acts of the Russian Federation, has been submitted to the State Duma....

10 MYTHS ABOUT BANKRUPTCIES OF INDIVIDUALS

Development Director of the UDM Group legal company Dmitry Dmitriev told Rusbankrot about the main myths associated with bankruptcy. Is it true that in case of bankruptcy, you can lose your apartment, parental rights, and even burden your relatives with debts? The expert answers. Myth 1: you can go bankrupt with a debt of 500 thousand rubles or more This is not true. The bankruptcy law states that with a debt of more than 500 thousand rubles (if it is impossible to pay it), the borrower is obliged...

HOW TO CHECK THE WORK OF CONTRACTING PARTIES

Yulia Pavlova, the chief tax consultant of the Tax Compliance legal coompany, has prepared an up-to-date material with details of a competent check of contracting parties. The expert told how to avoid dubious counterparties and protect yourself against unwanted checks. Doubtful contracting parties can become the grounds for claims filed by the tax authorities. The practice of conducting field tax audits under Art. 54.1 of the Tax Code of the Russian Federation demonstrates the addition of VAT and...

HOW WILL THE TERMINATION OF MORATORIUM AFFECT BANKRUPTCY?

... industries of which were most affected by the spread of coronavirus infection. On January 7, 2021, the moratorium ceased to operate - the extension that businessmen so hoped for did not happen. In connection with the termination of the grace period, many experts are inclined to believe that serious consequences that will affect a large number of industries and enterprises are inevitable. Let's dwell on this in detail. Moratorium results In 2020, thanks to the introduction of the moratorium, the number ...

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