“How much does it cost to become bankrupt?” — Anastasia Morozkova’s comment for “Delovoy Peterburg”
Despite a 20-fold decrease in the state duty for personal bankruptcy, debtors are slow to declare their insolvency. In fact, this service has risen in price, and therefore a negligible percentage of cases will actually start.
Six months ago, due to mass refusals by arbitration managers to perform the duties of financial managers in bankruptcy cases for individuals, the amount of their remuneration was increased from 10 thousand to 25 thousand rubles. As Anastasia Morozkova, the lawyer of Prime Advice, notes, this will not affect the debtors, who have a lot of liquid assets, but can become an insurmountable barrier for those who really got into a hopeless financial situation.