Russians will write off 1.6 billion rubles of debt

by time news

As part of the mechanism of extrajudicial bankruptcy, the Russians will have debts written off for 1.6 billion rubles, said Deputy Minister of Economy Ilya Torosov. He said that a total of 12 thousand applications were received for a simplified bankruptcy procedure, of which 5 thousand were satisfied.

As Mr. Torosov told Izvestia, the extrajudicial bankruptcy procedure has already been completed in respect of 2,500 Russians. “The new institution of bankruptcy has taken place. The mechanism is developing at a normal pace. It can be seen that there is no jump in defaults among individuals in connection with the pandemic, ”the Deputy Minister of Economy said.

He said that work is now underway to improve the procedure for out-of-court bankruptcy. In particular, Russians can get the opportunity to apply online through the portal of public services, the ministry has already developed a corresponding draft law.

The mechanism of out-of-court bankruptcy of citizens appeared in Russia in September 2020, it allows indigent debtors to get rid of small debts (up to 500 thousand rubles) through an appeal to the MFC. Financial market participants do not support the initiative of the Ministry of Economy to simplify the procedure.

Details – in the material “b” “The life of bankrupts is not simplified.”

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