The number of personal bankruptcies of Russians increased by 68%.

      Courts in Russia declared 22.4 thousand citizens bankrupt, including individual entrepreneurs, in January-March. This is 68% more than for the same period in 2019, as it follows from the statistics of the Unified Federal Register of Bankruptcy Information. Last year, the courts declared almost 69 thousand Russians financially insolvent, which is 56.8% more than in 2018.

      Bankruptcy rates are accelerating in the regions. If in Moscow the number of such court decisions increased by 40.5%, then in the Krasnodar and Perm Territories, Rostov and Novosibirsk Regions, as well as in Udmurtia, the number of bankruptcies more than doubled.

      Now a citizen can initiate a process of writing off debts if he foresees the impossibility of paying off on time. The debtor must prove the loss of solvency, pay the costs of the lawsuit and the services of the financial manager.