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The number of bankrupt borrowers doubled in Russia

... backdrop of the pandemic. In total, since the moment when the legal norms on the insolvency of citizens began to operate in Russia, 419,765 people have been declared bankrupt. At the same time, the number of such bankruptcies in the first nine months ... ... 80% more than in 2020. Compared to 2019, the number of bankruptcies increased by 188%, which means that it has almost doubled. Statistics show that in most cases (95.1%) the initiative for launching the bankruptcy proceedings of citizens belongs to them. People simply cannot pay off their debts and file applications in court. Situations when tax authorities initiate proceedings against individuals are minimal. Their ...

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