Simplified bankruptcy is completely free
Posted: Wed Feb 19, 2025 5:07 am
If your financial difficulties are temporary, ask the bank for a credit holiday: a period when you will be relieved of payments in full or in part. Most often, during the holiday, you only need to pay part of the interest into the account.
The holidays do not stop the accrual of interest - only the monthly payments are reduced. Usually banks do not provide very long holidays - from 3 to 6 months. If you feel that this period is not enough, it is better to immediately choose another method: refinancing, restructuring or bankruptcy.
Bankruptcy
If there is no money at all, the only way to get rid of debts is bankruptcy. It can be simplified (out-of-court) and judicial. The first can be used if the total amount of debt to all creditors is from 50,000 to 500,000 ₽.
To file for simplified bankruptcy, you need to wait until at least one ukraine mobile database creditor starts enforcement proceedings against you. If the bailiffs cannot find money and property from you, the process will be completed. Then you can go to the MFC and fill out an application for simplified bankruptcy. In this case, new enforcement proceedings should not be started against you.
When you file an application, you must indicate all debts to all creditors: at the end of the procedure, only those debts that you mention yourself will be written off. Within three days after filing an application, MFC employees will enter your data into the federal register. At this point, the debt will stop growing. You must notify creditors yourself that bankruptcy proceedings have been initiated against you. It lasts exactly 6 months, after which you will be declared bankrupt, and all debts will be written off.
But if you owe more than 500,000 ₽, you will have to go to court and pay the costs of the proceedings. In such a situation, you are required to declare yourself bankrupt by law. This must be done within 30 days after you stopped paying your creditors.
The holidays do not stop the accrual of interest - only the monthly payments are reduced. Usually banks do not provide very long holidays - from 3 to 6 months. If you feel that this period is not enough, it is better to immediately choose another method: refinancing, restructuring or bankruptcy.
Bankruptcy
If there is no money at all, the only way to get rid of debts is bankruptcy. It can be simplified (out-of-court) and judicial. The first can be used if the total amount of debt to all creditors is from 50,000 to 500,000 ₽.
To file for simplified bankruptcy, you need to wait until at least one ukraine mobile database creditor starts enforcement proceedings against you. If the bailiffs cannot find money and property from you, the process will be completed. Then you can go to the MFC and fill out an application for simplified bankruptcy. In this case, new enforcement proceedings should not be started against you.
When you file an application, you must indicate all debts to all creditors: at the end of the procedure, only those debts that you mention yourself will be written off. Within three days after filing an application, MFC employees will enter your data into the federal register. At this point, the debt will stop growing. You must notify creditors yourself that bankruptcy proceedings have been initiated against you. It lasts exactly 6 months, after which you will be declared bankrupt, and all debts will be written off.
But if you owe more than 500,000 ₽, you will have to go to court and pay the costs of the proceedings. In such a situation, you are required to declare yourself bankrupt by law. This must be done within 30 days after you stopped paying your creditors.