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The overview of the bill on extrajudicial bankruptcy

Immediately after the introduction of the citizens' bankruptcy procedure in 2015 into the law field of the Russian Federation, it was criticized for the envisaged institution, based primarily on its high cost and inaccessibility to a wide range of citizens. In this regard, a bill was developed for "out-of-court bankruptcy", which is designed to ensure the availability of bankruptcy proceedings. We invite you to read our overview of this bill.

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