Restoration of solvency and bankruptcy of individuals

Restoration of solvency and bankruptcy of individuals — this is a legal direction regulating the procedure for citizens to exit from a state of persistent financial insolvency (inability to fulfill monetary obligations to banks, the state and other creditors).

This area performs two main functions: social - protection of a person from an indefinite "debt pit" and economic - repayment of debts to creditors in a reasonable and real amount.

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