More than a million Russians have become bankrupt

The number of Russians declared financially insolvent by the courts has exceeded 1 million people, it follows from the statistics of the Unified Federal Register of Bankruptcy Information. The personal bankruptcy procedure has been in place since October 2015. However, only since the beginning of this year, 249.9 thousand debtors have become bankrupt by court decision, writes RBC. 26-30 thousand people receive the status of bankrupts through the courts every month. In 2020, the number of financially insolvent citizens increased by 72.6%, in 2021 they increased by 62%, and in 2022 - by 44.2%. Since the beginning of this year, the increase has amounted to 28.8% year-on-year. In the next year or two, the increase in the number of applications for bankruptcy proceedings will be about 30%, according to the head of Fedresurs Alexey Yukhnin.