The Supreme Court has clarified certain issues relating to the bankruptcy of individuals

Download PDF Pepeliaev Group advises: On 13 October 2015, the Russian Supreme Court adopted its Plenum’s Resolution No. 45 "On certain issues relating to procedures being brought into effect to be used in insolvency (bankruptcy) proceedings involving individuals". This clarifies how specific provisions of Federal Law No. 127-FZ "On insolvency (bankruptcy)" should be implemented. The provisions in question came into force on 1 October 2015 and regulate the bankruptcy of individuals.