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Tuesday, March 13, 2018

Debtors will be able to recognize themselves bankrupt, without spending a penny

To simplify the procedure of bankruptcy of physical persons, Ministry of economic development plans. Spend money for services of arbitration managers of impoverished debtors do not have to.

photo: Gennady Cherkasov

The Agency announced the beginning of the development of the bill. As noted in the Ministry of economic development approved by the law of bankruptcy procedure was unavailable to most citizens who are in really difficult financial situation. People can’t afford to hire arbitration managers – specialists, whose participation in such matters is necessary. Their services are now 25 thousand rubles. As a result of the officials filled up with letters to those who would like to bankrupt themselves, but for the sake of it is forced to incur new debt bondage. The new law will be introduced a simplified procedure of bankruptcy. As told “MK” member of the Russian Union of arbitration managers Ivan Rykov, this will be a quick notification procedure of bankruptcy. The Trustee under this option will not have to seek out creditors and assets of his client, and because of that now his participation in the case is expensive. Crisis Manager just posted an ad about the impending bankruptcy of such citizen on a special government website. As a result, the price of its services will fall to 10 thousand rubles. Further, if after a month the debtor will be useless, the court will automatically make a decision about Declaration of bankruptcy and cancellation of all debts. If you declare the creditor (e.g. a Bank or a neighbor who loaned money) with the requirement to conduct a full hearing, the simplified procedure will replace the full. In this case, the arbitration managing Director will be to locate the debtor’s property, his accounts in foreign banks or shares in offshore companies. However, to pay for the search will not be a candidate in the bankrupt and the creditor. Another important point in the amendment – to use a simplified procedure, only those who have no property and income.


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