PRAVO.RU. BANKRUPTCY STATISTICS 2022: ADVOCATES' ESTIMATES

Fedresurs media has prepared statistics on bankruptcies in 2022. Specifically, it points to a 12.2% decrease in corporate bankruptcies and a 39% decrease in observational bankruptcies, with no surge after the moratorium on bankruptcies was lifted in the fall.

The rise in consumer bankruptcies also slowed, from 62% to 44.2%. Out-of-court bankruptcies are on the rise (52,6%).

Elena Gladysheva, Managing Partner of RI-Consulting, describes the bankruptcy results in 2022, according to the data provided by Fedresurs. The expert gives her evaluation of the effect of the bankruptcy moratorium, the consequences of sanctions and other negative factors of the last year.

"This statistics, in my opinion, should be viewed a little more retrospectively, rather than affecting only the period of 2022.

Taking into account the recent years, the 'point of no return', which entailed an increase in the number of bankruptcy procedures, was still 2020 - COVID-2019 and the period of self-isolation, as well as the inability to fulfill a significant amount of obligations caused by downtime and lack of funds led to bankruptcy of a significant number of companies which have not prepared sufficient reserves.
The expected outcome of the bankruptcy moratorium in 2020 was an increase in the number of procedures in 2021.

In 2021, during the period of restoration of stability, there was no significant increase of new companies replacing the bankrupt companies, i.e., "the strongest survived".

In 2022, taking into account the current realities, the bulk of those who have already passed the period of 2020 continue to work, the economy and financial plans of companies have relatively adapted to the changes taking place, and have become much more liable, taking into account the experience gained.
For the most part, bankruptcy now will be taken over by those companies whose activities are directly or indirectly related to the foreign sector - obviously, the reason for this is the sanctions imposed.

In addition, no sharp upsurge of bankruptcies of individuals is also due to the procedure of out-of-court bankruptcy of citizens, introduced by the legislator earlier, the popularity of which, on the contrary, is growing every month, which is also confirmed by the above statistics," - notes the advocate.

READ MORE IN THE PUBLICATION OF PRAVO.RU

 

Fedresurs media has prepared statistics on bankruptcies in 2022. Specifically, it points to a 12.2% decrease in corporate bankruptcies and a 39% decrease in observational bankruptcies, with no surge after the moratorium on bankruptcies was lifted in the fall.

The rise in consumer bankruptcies also slowed, from 62% to 44.2%. Out-of-court bankruptcies are on the rise (52,6%).

Elena Gladysheva, Managing Partner of RI-Consulting, describes the bankruptcy results in 2022, according to the data provided by Fedresurs. The expert gives her evaluation of the effect of the bankruptcy moratorium, the consequences of sanctions and other negative factors of the last year.

"This statistics, in my opinion, should be viewed a little more retrospectively, rather than affecting only the period of 2022.

Taking into account the recent years, the 'point of no return', which entailed an increase in the number of bankruptcy procedures, was still 2020 - COVID-2019 and the period of self-isolation, as well as the inability to fulfill a significant amount of obligations caused by downtime and lack of funds led to bankruptcy of a significant number of companies which have not prepared sufficient reserves.
The expected outcome of the bankruptcy moratorium in 2020 was an increase in the number of procedures in 2021.

In 2021, during the period of restoration of stability, there was no significant increase of new companies replacing the bankrupt companies, i.e., "the strongest survived".

In 2022, taking into account the current realities, the bulk of those who have already passed the period of 2020 continue to work, the economy and financial plans of companies have relatively adapted to the changes taking place, and have become much more liable, taking into account the experience gained.
For the most part, bankruptcy now will be taken over by those companies whose activities are directly or indirectly related to the foreign sector - obviously, the reason for this is the sanctions imposed.

In addition, no sharp upsurge of bankruptcies of individuals is also due to the procedure of out-of-court bankruptcy of citizens, introduced by the legislator earlier, the popularity of which, on the contrary, is growing every month, which is also confirmed by the above statistics," - notes the advocate.

Other publications
KOMMERSANT FM. CRIME ELEMENTS ARE SEARCHED FOR IN GAMES. THE BANKRUPTCY OF GAME INSIGHT COULD HIT THE FOUNDERS OF MAIL.RU GROUP
KOMMERSANT FM. CRIME ELEMENTS ARE SEARCHED FOR IN GAMES. THE BANKRUPTCY OF GAME INSIGHT COULD HIT THE FOUNDERS OF MAIL.RU GROUP

15.02.2023

The Supreme Court of the Russian Federation (SC) will decide which payments of a bankrupt citizen may be recognized as alimony for the maintenance of a minor child if no formal agreement on them has been concluded. Lower courts decided that in the absence of a written agreement, the money is not...

THE COURT WILL CONSIDER A DISPUTE OVER THE INVALIDITY OF TRANSFERS MADE ON THE EVE OF BANKRUPTCY
THE COURT WILL CONSIDER A DISPUTE OVER THE INVALIDITY OF TRANSFERS MADE ON THE EVE OF BANKRUPTCY

12.02.2023

Referred to the Supreme Court Chamber for Commercial Disputes: a dispute to challenge transactions in bankruptcy. Elena Gladysheva, Managing Partner of RI-Consulting, Moscow, discusses what position the Chamber for Commercial Disputes can take. How can it influence the practice? "The institution of...

THE COURT REJECTED CREDITOR'S APPLICATION TO CHALLENGE THE TRANSACTION OF ASSETS WITHDRAWAL FROM THE LOSS CENTER
THE COURT REJECTED CREDITOR'S APPLICATION TO CHALLENGE THE TRANSACTION OF ASSETS WITHDRAWAL FROM THE LOSS CENTER

13.02.2023

The Supreme Court has consolidated the issue of qualification of transactions in bankruptcy proceedings. The application of the concept of "higher standard of proof" must be justified and cannot be applied arbitrarily. Managing Partner of RI-Consulting, Advocate Elena Gladysheva, evaluates the...

Office in Moscow Phone: +7 (495) 632-14-50. Duty Lawyer (24/7): +7 (985) 307-31-76. E-mail: info@ri-consulting.ru Address: 22 Baumanskaya str., office 201