Search

LOW-INCOME CITIZENS AND RETIREES WILL BE ABLE TO EASILY INITIATE THEIR OWN BANKRUPTCIES

A draft law that gives the right to low-income citizens and retirees to initiate their own bankruptcy under simplified requirements has been submitted to the State Duma. The amendments are expected to be introduced into the Insolvency Law. A law on out-of-court bankruptcy of citizens has been in effect in Russia for more than six months now. Within the framework of the adopted norms, individuals have the right to initiate their own bankruptcy without the participation of a court if they have debts...

Sorted by relevance | Sort by date