Best Bankruptcy Lawyers in Russia

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Avakov Tarasov & partners

Avakov Tarasov & partners

Moscow, Russia

Founded in 1994
15 people in their team
AVAKOV TARASOV & partners (ATpLaw)  is a medium size Russian law firm, based in Moscow. ATpLaw provides legal, tax consulting and...
English
Russian
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Law firm Zarya

Law firm Zarya

Novosibirsk, Russia

Founded in 2000
50 people in their team
During this time, our lawyers have helped many clients throughout Russia. Long distances are not a hindrance for the company; its design practice...
Russian
English
Dolgovnet

Dolgovnet

Novosibirsk, Russia

Founded in 2000
50 people in their team
Our company has been in business for more than 5 years, during our work more than one million debts have been written off from clients, there are...
Russian
English
Alrud

Alrud

Moscow, Russia

Founded in 1991
50 people in their team
ALRUD is one of the leading full service Russian law firms, serving domestic and international clients.We stand for high quality advice, excellent...
Russian
English
TRUNOV, IVAR AND PARTNERS

TRUNOV, IVAR AND PARTNERS

Moscow, Russia

Founded in 2000
50 people in their team
Moscow is a huge metropolis where life moves quite quickly and is filled with a wide variety of events. At such moments, it is difficult to notice...
Russian
English
Advocate FREMM

Advocate FREMM

St Petersburg, Russia

Founded in 1993
50 people in their team
Advocate FREMM was founded in 1993 and for today it is one of the oldest law firms in St. Petersburg with ever-growing legal practice.During a...
Russian
English
SMART LAW LLC

SMART LAW LLC

Omsk, Russia

Founded in 2011
50 people in their team
SMART LAW LLC was founded in March 2011.Intensive practice of lawyers, rich experience and attentive attention to detail allowed the company "SMART...
Russian
English
CLIFF Law Firm

CLIFF Law Firm

Moscow, Russia

Founded in 1994
50 people in their team
CLIFF Law FirmFounded in 1994, CLIFF Law Firm has brought together a team of highly qualified experts in corporate, international and civil law, as...
Russian
English
Ivanyan and Partners

Ivanyan and Partners

Moscow, Russia

Founded in 2006
50 people in their team
Since 2006, we have been providing legal assistance to business owners, state corporations, private clients and not-for-profit organisations. Our key...
Russian
English
FINPRAV

FINPRAV

Novosibirsk, Russia

Founded in 2000
50 people in their team
FINPRAV is a company that brings together a unique team of experienced lawyers, advocates, and financiers. All of them have extensive professional...
Russian
English

About Bankruptcy Law in Russia:

Bankruptcy in Russia is governed by the Federal Law on Insolvency (Bankruptcy). This law provides a legal framework for individuals and organizations facing financial difficulties to restructure or liquidate their assets in an orderly manner. The goal of bankruptcy proceedings in Russia is to protect the rights of creditors while giving debtors an opportunity for a fresh start.

Why You May Need a Lawyer:

Bankruptcy can be a complex and challenging process, especially in a legal system like Russia's. You may need a lawyer if you are unsure about your rights and responsibilities, need assistance in negotiating with creditors, or require representation in court during bankruptcy proceedings. A lawyer can also help you navigate the legal requirements and deadlines involved in the bankruptcy process.

Local Laws Overview:

In Russia, bankruptcy proceedings can be initiated by a debtor or a creditor. The main types of bankruptcy are rehabilitation (restructuring) and liquidation. The process involves submitting a bankruptcy petition to the local Arbitration Court, appointing a bankruptcy trustee, and developing a financial recovery plan. It is important to note that bankruptcy laws in Russia are constantly evolving, so it is advisable to seek legal advice from a qualified professional.

Frequently Asked Questions:

1. What are the main types of bankruptcy in Russia?

In Russia, the two main types of bankruptcy are rehabilitation (restructuring) and liquidation. Rehabilitation involves restructuring the debtor's debts and financial obligations to allow them to continue operating, while liquidation involves selling off the debtor's assets to pay creditors.

2. How can I file for bankruptcy in Russia?

To file for bankruptcy in Russia, you must submit a bankruptcy petition to the local Arbitration Court. The court will review the petition and determine whether to initiate bankruptcy proceedings.

3. What are the consequences of bankruptcy in Russia?

The consequences of bankruptcy in Russia may include loss of assets, restrictions on business activities, and damage to your credit rating. It is important to consult with a lawyer to understand the potential implications of bankruptcy on your financial situation.

4. Can I file for bankruptcy without a lawyer in Russia?

While it is possible to file for bankruptcy without a lawyer in Russia, it is not recommended. A lawyer can provide valuable guidance and representation throughout the bankruptcy process to ensure your rights are protected.

5. How long does the bankruptcy process take in Russia?

The duration of the bankruptcy process in Russia can vary depending on the complexity of the case. On average, bankruptcy proceedings can take anywhere from several months to several years to complete.

6. Can creditors challenge a bankruptcy decision in Russia?

Yes, creditors have the right to challenge a bankruptcy decision in Russia. They can file a complaint with the Arbitration Court if they believe that their rights have been violated during the bankruptcy process.

7. What is a bankruptcy trustee in Russia?

A bankruptcy trustee in Russia is a court-appointed official responsible for managing the debtor's assets, overseeing the bankruptcy process, and ensuring that creditors are paid in accordance with the law.

8. Are there alternatives to bankruptcy in Russia?

Yes, there are alternatives to bankruptcy in Russia, such as debt restructuring, debt settlement, and financial rehabilitation. It is advisable to consult with a legal professional to explore all available options before filing for bankruptcy.

9. How can I protect my assets during bankruptcy in Russia?

To protect your assets during bankruptcy in Russia, it is important to work with a lawyer to develop a sound financial recovery plan and ensure that all legal requirements are met. It is also recommended to keep detailed records of all financial transactions and communications related to the bankruptcy process.

10. How can I find a qualified bankruptcy lawyer in Russia?

To find a qualified bankruptcy lawyer in Russia, you can consult legal directories, ask for referrals from friends or colleagues, or contact the local Bar Association for recommendations. It is important to choose a lawyer with expertise in bankruptcy law and a track record of successful cases.

Additional Resources:

If you need legal advice or assistance with bankruptcy in Russia, you may contact the Russian Federal Service for Financial Recovery and Bankruptcy or the Russian Union of Insolvency Practitioners. These organizations can provide referrals to qualified bankruptcy lawyers and offer resources to help you understand the bankruptcy process.

Next Steps:

If you are considering filing for bankruptcy in Russia or require legal assistance with a bankruptcy case, it is advisable to consult with a qualified bankruptcy lawyer. A lawyer can help you navigate the legal complexities of the bankruptcy process, protect your rights, and work towards a favorable outcome for your financial situation.

Disclaimer:
The information provided on this page is intended for informational purposes only and should not be construed as legal advice. While we strive to present accurate and up-to-date information, we cannot guarantee the accuracy, completeness, or currentness of the content. Laws and regulations can change frequently, and interpretations of the law can vary. Therefore, you should consult with qualified legal professionals for specific advice tailored to your situation. We disclaim all liability for actions you take or fail to take based on any content on this page. If you find any information to be incorrect or outdated, please contact us, and we will make efforts to rectify it.