New bankruptcy law may bring Russians relief from debt collectors

Cash, Calculator, Pen

(Russia Beyond the Headlines – – OLEG YEGÓROV, SPECIAL TO RBTH – October 26, 2015) Debt collectors in Russia often exceed their authority and resort to bullying, intimidation and even physical violence in order to force individuals to pay. However, a new law on individual bankruptcy is designed to help borrowers avoid such unpleasant encounters, though critics fear it […]

» Read more

Russians Start Filing for Bankruptcy as New Law Enters Force

Diverse Paper Currency, Coins, Line Graph

(Moscow Times – – Anastasia Bazenkova – October 2, 2015) Russian courts received their first personal bankruptcy petitions on Thursday, as the country’s first ever law allowing individuals to declare themselves bankrupt entered into force. On the eve of the law’s arrival, analysts warned that courts could be overwhelmed by a flood of applicants unable to pay debts accumulated […]

» Read more