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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 ...

THE NUMBER OF INDIVIDUAL BANKRUPTCIES IN RUSSIA GREW BY 71%

... dynamics could be not only economic factors, but also an increase in the knowledge of citizens about the procedures associated with bankruptcy. The growth in the number of bankruptcies was influenced by the fact that due to the pandemic, those industries where ... ... although the predictions related to the autumn period, the first months of the year partially confirmed his words. 10 thousand Russians became insolvent in January, and in February - 14.8 thousand. Compared to last year's indicators (6 thousand in January ...

Experts summed up the results of bankruptcies that took place in 2021

... of insolvency cases of citizens is explained by the increase in the credit burden and the increasing spread of out-of-court bankruptcy procedures. The relatively small increase in the number of insolvency cases among business representatives may be due ... ... increase in the number of organizations from the fields of education, sports, as well as the hotel business and catering. Such statistics can be directly related to the pandemic, which ‘crippled’ these areas at the beginning of 2020 against the backdrop ...

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