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CASE / PERSONAL INSOLVENCY

Insolvency of Mr K.: discharge from debt in six months

Unable to cope with his debt obligations, the client asked us to conduct the procedure. The application was filed with the Arbitrazh Court of the Moscow Region and the procedure was completed six months later.

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Headline figure
6 months to discharge
Practice
Personal insolvency
Year
2021

The task

Unable to cope with his debt obligations, Mr K. approached the lawyers of Kovalev & Partners LLC for legal assistance and representation in the insolvency procedure.

What we did

  • Reviewed the documents provided by the client and concluded that the statutory signs of insolvency were present.
  • Prepared and filed the application with the Arbitrazh Court of the Moscow Region.
  • Provided legal support throughout the insolvency procedure.

The result

The Arbitrazh Court of the Moscow Region declared Mr K. insolvent (bankrupt). Six months later the procedure was completed and Mr K. was released from his debt obligations. Case No. А41-75343/2021.

This description reflects the result in a particular matter on particular facts. A result in one case neither guarantees nor implies a similar result in another.

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Call us: +7 499 460-63-47