The Cabinet received a draft of a simplified and free of bankruptcy of physical persons

As already wrote “RG”, insolvent citizens having debts for the sum from 50 thousand to 700 thousand rubles, will be able to submit a public statement about the launch of the bankruptcy procedure independently using MFC or Trustee. Submission of an application via DCP will be free.

Photo: iStock the Cabinet of Ministers will prepare amendments about credit vacation

the extrajudicial bankruptcy Procedure is conducted if a citizen is not introduced a different procedure and in the absence of his property. The beginning of the procedure shall entail the cessation of accrual of interest on all obligations, and at the same time a citizen loses the right to borrow loans, issue sureties. If during the procedure will show the receipt to his property of property, the case can be continued in a General manner.

So, for those who got into difficult financial situation, are urgently requested to introduce a simplified free procedure of debt settlement without recourse to the courts on the basis of a digital platform.

Earlier, President Vladimir Putin instructed to make the procedure of bankruptcy of citizens simple and affordable. On behalf of Prime Minister Mikhail mishustina, the government should prepare a simplified free procedure of debt settlement for citizens with low income and insufficient for repayment of debts any property.