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Supreme Court of Russia will clarify the procedure for initiation of bankruptcy of an individual by bank

The case of the insolvency procedure of an individual was transferred for consideration of the Supreme Court of the Russian Federation. The potential bankrupt expressed his disagreement with the debt presented to him, and the lower authorities supported him. The position of the individual was that the debt presented to him by the bank was not indisputable, therefore, could not become the basis for initiation of a bankruptcy case without a judicial act that has entered into legal force. During the...

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