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Bankruptcy Increases
April 15, 2018 11:15


 The number of Russian citizens who are declared bankrupt by the results of the first quarter of 2018 increased by 1.5 times and amounted to 8966 people. This is evidenced by the data of Single Federal Register of Bankruptcy Information ("Fedresurs").

The main supplier of bankrupts is Moscow, where 757 people were insolvent in the first quarter of 2018, which is 81 percent more than in the same period in 2017. Second place is taken by the Moscow region, where the number of bankruptcies grew by 51 percent and amounted to 552 insolvent citizens. Bashkiria closes the top three, where 431 citizens were declared bankrupt for the first quarter, an increase of 119 percent compared to last year.

In the top 5 regions, St. Petersburg also fell in the number of bankrupts, where 440 people (plus 50 percent) were declared insolvent for the first quarter, and 310 citizens (an increase of 56 percent) in Krasnodar Territory. Since the entry into force of the law on bankruptcy of individuals in October 2015, 59 000 citizens have been declared insolvent. The highest density of bankruptcies is observed in the Vologda region . There are 136 insolvent citizens per 100,000 people in the Vologda region. In the second place is the Ryazan region - 84 bankrupts per 100 thousand people. On average, there are 40 bankrupts per 100,000 people in Russia.


Author: Anna Dorozhkina


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