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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 ...

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