Russia’s rapidly growing number of bankrupt

Russia is saying about stabilization in the number of bankruptcies.

In Russia in the first half of 2017, the courts have recognized bankrupt 13 225 citizens and individual entrepreneurs. It’s 79% more than in the first half of 2016. At the same time, it is only 8% higher than in the second half of 2016, according to data from the reports of the receivers disclosed in Peresource.

“The number of bankruptcies has stabilized. Looks like we ran into a “bottleneck” in the form of throughput of the judicial system or capabilities of the receivers because the actual bankrupt while only 6% of the potential,” – said in comments to Interfax project Manager Medresurs Alexey Yukhnin.

According to him, the overwhelming majority of Russians included in bankruptcy with no property and nothing to pay to creditors.
“In the second quarter of this year, 75% of citizens paid to creditors is zero, of course, they have no means to pay for the services of arbitration managers”, – said Yukhnin.

Bankruptcy of physical persons in Russia was fairly evenly distributed across regions: in Moscow had 7% solution (948), Moscow oblast – 6% (759), Saint Petersburg – 5% (651). While in St. Petersburg bankruptcy of citizens has increased eight-fold over the same period last year.

It is also noted that now bankrupt those Russians who received loans in 2013-2014, and then faced a drop in real income.

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