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Sergei Zhuk | A commentary for Kommersant: Out of court bankruptcy brings creditors to an impass

An out-of-court bankruptcy of an individual is not terminated, even if, after its initiation, bailiffs reversed the decision to terminate enforcement proceedings against the debtor. This is the conclusion reached by the court, rejecting the claim of a collection agency. Lawyers note that such disputes raise an issue of creditors' rights protection in a new bankruptcy procedure. However, it is not clear what to do if the "out-of-court" procedure has been completed in the course of the proceedings. 

"This case is of interest from the point of view of the need to form acceptable protection mechanisms of bona fide creditors," says Sergei Zhuk, lawyer of the ART DE LEX Restructuring and Insolvency practice.

More details: https://www.kommersant.ru/doc/4772679?query=%D1%81%D0%B5%D1%80%D0%B3%D0%B5%D0%B9%20%D0%B6%D1%83%D0%BA%20ART%20DE%20LEX