Go to ...

The Newspapers

Gathering and spreading news from various Russian Newspapers

The Newspapers on Google+The Newspapers on LinkedInRSS Feed

Sunday, December 11, 2016

The Ministry of justice will not allow a potential bankrupt to sell off assets


To change the rules of debt collection from businesses and citizens in respect of which the open procedure for bankruptcy, plans the Ministry of justice. Debtors will no longer be able to sell or copy for friends and relatives of the property, using the loophole in the law.


photo: Natalia Muslinkina

The Department has prepared amendments to the laws “On bankruptcy” and “On enforcement proceedings”. As explained by the officials, according to current rules, the bailiff forced to suspend production of a writ of execution, if the debtor filed for bankruptcy. In this case, to continue to collect tax debts, salary loans or not. Moreover, if the police officer had arrested an apartment, car or Bank account of the debtor, he is obliged to lift the arrest. Such rules are in relation to the potential bankrupt entrepreneurs and ordinary citizens, who decided to plead the poor through the courts. As a result, complain to the Ministry of justice, for one 2015 police officers have accumulated more than a million such “dead” writs. In doing so, the debtors enjoyed a temporary freedom and try as soon as possible to get rid of freed from the seizure of property, and the money placed on the accounts of parents or friends. If the changes are approved, to work with candidates in the poor bailiffs will be under the new rules. As soon as the Sheriff becomes aware that the debtor was a defendant in the bankruptcy case, he will immediately transfer all writs to arbitration. From this point on to ensure that enterprising citizen not squander the remnants of the old resources, is the arbitration managing Director. As noted in the Department, such a measure will not only protect the rights of those who are owed a future bankruptcy, but also considerably will unload the bailiffs.

source

Related posts:
"Oil hits record of unpredictability"
Retire later and earn less
Alternative Kudrin: the Stolypin club invited Putin to include the printing press
Naftogaz deprived of Russian money

Recommended

More Stories From Economy