It will be possible to file bankruptcy through the MFC with debts from 25,000 to 1,000,000 rubles

The Minister of Economic Development of the Russian Federation Maxim Reshetnikov proposed to change the conditions for applying the out-of-court bankruptcy procedure in order to expand the circle of persons who can apply for it, and to reduce the debt burden for citizens with low incomes. His proposals were supported by the President of Russia.

Out-of-court bankruptcy is a simplified bankruptcy procedure that helps legally get rid of debts for those who cannot pay them, for example, due to a significant decrease in income, dismissal, death of loved ones who helped pay off debts. Now you can apply for bankruptcy under a simplified procedure with a total amount of debts from 50,000 to 500,000 rubles. To do this, you need to contact the MFC, and after six months, if all the necessary conditions are met, these debts will be recognized as insignificant. In other words, no one can collect them anymore. If the amount of debt is less or more than indicated, a citizen can be declared bankrupt only in a judicial proceeding.

Maxim Reshetnikov proposed to reduce to one year the term for the forced collection of debts for citizens who receive income only in the form of pensions and other social benefits. After this time, people will be able to use the out-of-court bankruptcy procedure and get rid of debts. Now, enforcement proceedings against such citizens can last indefinitely, and out-of-court bankruptcy is not available to them.

In addition, the minister proposed to give an opportunity to use the out-of-court bankruptcy procedure to people in respect of whom the forced collection of debts has been carried out for more than seven years.

It is also planned to set the range of debt at which out-of-court bankruptcy is possible, from 25,000 to 1,000,000 rubles. And the term for re-applying to the MFC for filing bankruptcy will be reduced from 10 to 5 years.

Reference

Citizens in respect of whom court proceedings have been completed and decisions have been made on the enforcement of debts on loans and credits, including interest on them, can apply to the MFC for registration of out-of-court bankruptcy; on taxes and fees; under surety agreements; for alimony and some others.

At the same time, the debtor should not have property that can be levied (real estate, car, antiques and other valuables). Also, there should be no pending legal proceedings against him.

After a person is declared bankrupt, he is deprived of the right to take loans or loans for five years without indicating the fact of bankruptcy, as well as the right to hold certain positions and engage in entrepreneurial activities for a period of 3 to 10 years.

Alena Bodrienko.

Moskovskaya Pravda collage