The development of the institution of personal bankruptcy is natural – its use is gaining popularity, Valery Piven, head of the ACRA financial institution ratings group, told Izvestia on November 16.
Earlier that day, it was reported that in Russia, from November 1 to November 14, extrajudicial bankruptcy proceedings were initiated against 539 people. As the head of Fedresurs, Alexey Yukhnin, told Izvestia, the average number of cases started in one day against individual debtors reached the maximum level for the entire existence of this mechanism, amounting to 38.5 against the usual 30.5. According to him, the 26% increase is due to the expansion of access criteria for such a procedure.
Valery Piven, head of the ACRA financial institutions ratings group, speaking about the debt burden on the scale of all individual borrowers, clarified that debt amounts to about 40% of income. He explained that such an indicator is not in itself critically large. But the situation is complicated by the fact that in the Russian Federation a large amount of income is spent on essential goods, which makes even this level of burden noticeable, the expert added.
“The development of the institution of personal bankruptcy is quite natural – its use is gaining some popularity. At the same time, the use of such a procedure cannot yet be called widespread,” Piven concluded.
On November 3, the provisions of the insolvency law (N474-FZ) came into force, according to which the extrajudicial bankruptcy procedure, passing through multifunctional centers, is available to Russians with debts from 25 thousand to 1 million rubles (previously it was from 50 thousand to 500 thousand. ). The facility can also be used by pensioners and benefit recipients who were previously not eligible because their monthly income was treated as permanent income.