Every citizen who has debts has

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How much does bankruptcy cost? Minimum , rubles outofcourt free Duration of the procedure From six months to several years Consequences of bankruptcy You cannot take out loans for five years without indicating the fact of bankruptcy, you cannot hold positions in the management bodies of a legal entity for three years, you cannot manage a credit institution for ten years, you cannot manage insurance companies, pension funds, investment funds, or microfinance organizations for five years How will your debts be paid off? Selling your property equipment, furniture, apartments, cars. You cannot sell your only home mortgage apartments are allowed,.

You can also ask to keep items worth no more than , rubles. First of all, bankruptcy is a tool. It can be used by those who, for some reason, can no longer cope with their financial obligations. Bankruptcy is the process lebanon telegram mobile phone number list of recognizing a citizens insolvency in order to free him from debt. It is regulated by Federal Law No. On Insolvency Bankruptcy and can be carried out through the court or, in the case of extrajudicial bankruptcy, through the MFC. the right to file for bankruptcy, and if.

His debt exceeds thousand rubles, he is obliged to do so. As a rule, two parties participate in the bankruptcy procedure the debtor and the creditor. If bankruptcy is carried out through the court, then the financial manager also takes part in the process. He manages the debtors finances while the procedure is in progress, and also ensures that the interests of all participants are observed. If the debtor has used the services of a bankruptcy company, he is represented by lawyers, including in court. On average, the judicial bankruptcy procedure lasts months. Much will depend on whether.