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"The Supreme Court banned the sale of a bankrupt's only apartment." Commentary by Olga Kalinchenko for
5 февраля 2021 г.

The Supreme Court has published a ruling in a dispute over two apartments of a debtor, which the debtor had already merged into one large apartment during bankruptcy. The economics board once again confirmed that a debtor's only home cannot be exchanged for the benefit of creditors, no matter how luxurious it may be. At the same time the good faith of the debtor is important in such disputes. The Supreme Court allowed the bankrupt's opinion on what property should be sold from the hammer in the first place to be taken into account.

Commented by Olga Kalinchenko, Advisor, Head of Land and Property Relations