“The ban on crossing the border by Russian bankrupts” — comments of Oleg Ganyushin for PROVED
In three years of action of the law about bankruptcy of citizens the Arbitration court of St. Petersburg and Leningrad region a total of 11 times set to the Russian bankrupts the ban on crossing the Russian border. Although financial managers nearly 500 times asked about this highly effective measure.
As they say insolvency practitioners, almost all debtors successfully repulsed from petitions on the prohibition of travel abroad. It is enough, for example, to submit a certificate from a doctor that they need treatment abroad. In this case, even the court removes the imposed measures ahead of time. In addition, the court may consider the fact that the debtor has not escaped for a long time to be an important reason for the refusal.
Oleg Ganyushin, the leading lawyer of "Prime Advice":
The problem is that the applicant has to prove that without a ban on the debtor's travel abroad it will not be possible to satisfy the creditor's claims. In most court proceedings, this is almost impossible. Therefore, we have developed an alternative strategy. In a bankruptcy case, we require the debtor to provide documents and information that it must disclose to the court and the administrator. And then we apply to the bailiff-executor to limit the departure of the debtor. In the two procedures concerning the bankruptcy of the beneficiaries of the business, this strategy has shown its effectiveness.