“St. Petersburg has been overwhelmed by a wave of bankruptcies: citizens are trying to write off debts by preserving property” — Anastasia Ignatieva for Neva.Today
Russia was overwhelmed by a wave of bankruptcies of citizens. St. Petersburg residents did not stand aside either, some of whom are trying to write off debts by hiding part of their property from creditors. Neva.Today found out who, how and why in the city on the Neva becomes insolvent.
By the end of 2022, the number of bankruptcies of individuals in the country increased by almost 50% to 285 thousand. The number of those wishing to declare themselves bankrupt has also grown in St. Petersburg, Neva respondents say.Todayadvocates.
Thus, according to data published on the Fedresource website for the first half of 2022, the number of citizens in St. Petersburg (including sole proprietors) declared bankrupt by the court was 37.8% more than in the same period of 2021. A similar situation is with out-of-court bankruptcies, where the number of initiated bankruptcies in January-September 2022 is 42.3% more than in the same period of 2021,
— said Anastasia Ignatieva, senior lawyer of Prime Advice.