Personal bankruptcy: step-by-step guide
3 min read · civil
With significant debts, an individual may discharge them via judicial or out-of-court bankruptcy.
With significant debts, an individual may discharge them via judicial or out-of-court bankruptcy.
A step-by-step plan — no fluff, with citations.
Action plan: 1. Assess the debts. 2. Choose the procedure (MFC or court). 3. Prepare creditor and asset lists. 4. File the application.
Applicable norms with links to the primary source are below. This is information, not legal advice: for serious matters, consult a lawyer.
Norms & sources
- 127-ФЗ «О несостоятельности (банкротстве)»
Need your exact situation analyzed?
Ask the assistant — get a plain-language answer with citations to in-force norms and verified quotes.
Ask for freeThis material is informational and not legal advice. The law changes — verify against the primary source.