Bankrupt on their own

Economic Development published a bill on bankruptcy of physical persons has caused widespread debate in the expert community. Experts believe that the proposed procedure is much harder to banks working with distressed borrowers. And the Russians, who deliberately default on debts is a decent occupation, will benefit. That is what is proposed to legalize. If the citizen is owed (eg, banks) are more than 50 thousand rubles and has not returned to duty within six months after demand for payment, he may apply to the arbitral tribunal a statement of recognition of bankruptcy. Of course, with a similar requirement may apply to the court and its creditors. Then the court may approve a debt repayment schedule citizen. Maximum term - five years. In fact, this installment, during which the honest debtor gets the opportunity to improve their financial situation without jeopardizing the sale of its property. If after five years a citizen does not pay, then the property falls under the administration of the bankruptcy trustee and goes under the hammer. Moreover, the services to bid upravlyayushego paid. But bankruptcy will not be allowed on the world. He will stay accommodation and facilities necessary to maintain a living wage. If a citizen wants to take back a loan, it will be obliged to notify the next lender that he had once admitted bankrupt. Receive the status of a bankrupt debtor will be able to once every five years. As described portal Bank.ru Svetlana Shemanskaya, deputy chairman of the Bank's Trade Finance Bill has both pluses and minuses. The advantages of the procedure of personal bankruptcy citizens, she said, include "an attempt of a civilized solution to the problem of debt collection, try to include in the assessment of potential borrowers in the form of an intangible asset is the reputation of a citizen, as well as an attempt to make unlawful any withdrawal of the debtor's assets." In other words, once having become bankrupt, a citizen permanently damage your credit history. Cons, according to Svetlana Shemanskoy, much more: a significant component of the corruption of the bill, which was originally "defective" for the status of the creditor banks in the third stage, the possibility of using the law of unfair "credit deviators; unnecessarily broad exemptions from the estate of various types of property of a citizen, the inevitable loss of banks in issued before the bankruptcy writs of execution against the debtor. Vank.ru decided to figure out how to relate to the bill debt agency. Their efforts to recover debts from borrowers received in recent years, considerable resonance. Federal Service periodically makes statements about what "private debt collectors' are outside the legal field. Nevertheless, their views on the bankruptcy of individuals is very interesting, because collectors, as they say, to deal with debt professionally. Experts Sequoia Credit Consolidation (MCC) at the request of Bank.ru commented on the text of the bill. Seriously puzzled company's lawyers called the item which states that if after the bankruptcy proceedings, the creditors remain unsatisfied requirements, the arbitral tribunal in this part of the requirements issued writs of execution. It is believed in the CCM, is contrary to the logic of bankruptcy. That is, the procedure is obtained, in fact, not final. Another problem the project is to increase the load on the courts of arbitration, but they "are only in big cities, so that any citizen could exercise his legitimate right to bankruptcy, it is necessary to create additional judicial districts, which will result in significant costs especially for the budget" , said the expert opinion CCM. With regard to abuses by debtors, the CCM believe that unscrupulous borrowers could benefit from this law, intentionally initiating the bankruptcy procedure, previously got rid of movable and immovable property, for example through the transfer of his relatives. In order that the abuse of citizens of the bankrupt is inevitable, agree to the deputy director of Moscow's Law Office, Law and Business "Anton Isupov. "Clever borrower, who rewrote the property in advance for mother in law, and receives a salary in an envelope, the new law will continue to maintain domestic tranquility. Those same citizens who do not read the laws and learn about them from talk-show, the prospect of being called a horrible word "bankrupt" may force the bank to pay the draconian interest and penalties, giving up the most necessary. Apparently, this and bankers hope to collectors »,