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"Bankrupt man first replaced by luxury housing with cheap one". Alina Manina for
2 июля 2021 г.

The decision made a year earlier to replace the bankrupt's luxury housing with a more modest one was fulfilled: the five-room flat was auctioned off for debts. This is the first such case in the russian practice. Now there will be more of them, and debtors will start hiding their only luxury housing, for example, to rewrite it to relatives, the expert warns.

Author: Manina Alina, Advisor, Deputy Managing Partner, Head of Bankruptcy Support Practice.