Russian debtors are protected from bankruptcy

Banks Finansy24-03-2009 Russian debtors will be protected from the bankruptcy bill on bankruptcy of physical persons safely forgotten. Instead, the Ministry of Economic Development to discuss the project "soft" debt settlement citizens who are due to loss of salary or part of the income will not be able to afford loans. It is humanely with respect to banks and citizens, but not quite fair, experts say. As it became known on Tuesday, Ministry of Economic Development (MED) of the Russian Federation jointly with the Supreme Arbitration Court is preparing a draft restructuring and debt settlement of individuals who are due to loss of salary or part of the income will not be able to afford loans. "Is particularly relevant issue of restructuring the bankruptcy of individuals, both on consumer loans and mortgage", - said the head of IEG Nabiullina. Apparently, the idea to restructure the bad debts in the ministry is considered more successful in times of crisis than the cancellation of such debts in the loss. Characteristically, the beginning of economic disturbances finally gone shelved the draft law "On Bankruptcy of individuals, which was developed in MED.