Confiscation of housing from the natural persons, bankrupt, will be canceled

Economic Development rewrites the law on bankruptcy of physical persons - the procedure will be renamed the "restructuring and rehabilitation" of the debt, the confiscation of a single housing and the necessary appliances banned, according to Vedomosti newspaper on Wednesday. "Today, bankruptcy is possible to recognize only the companies or individual entrepreneurs. The individual debtor must pay to repayment of debt, or its assets may be confiscated by court order. The only way to writing off the debt - the death of the borrower, and the debt will pass to the heirs of his property," - says the publication . The amendments require two procedures - the restructuring and rehabilitation, said the deputy director of the Department of Economic Development Dmitry Skripichnikov. The first would allow repayment by installments repayment for up to five years at an agreed lenders, borrowers and the court procedure, "he says. The second will provide an opportunity to cancel the debt by giving creditors of their property and share of revenue, with the only shelter and essential household appliances can not be withdrawn. The project is considered to be insolvent, the borrower is not able to pay the debt of more than 100 000 rubles for half a year, but the numbers could change, says Skripichnikov. A year ago the Ministry of Economic Development has prepared a bill under the working title "On bankruptcy of natural persons." According to it, the debtor could avoid confiscation, taking advantage of the bankruptcy, which provides for debt restructuring and write-offs through the transfer of property to the lender. Projects should be agreed until the autumn, but with the beginning of the crisis to work with him no longer resemble the "Vedomosti". Portal Bank.ru Materials Rihanna.