Russians were written off five times more debts without trial in 2024

In 2024, almost 36 thousand people wrote off debts without trial for 17.4 billion rubles. This was told to Izvestia by the press service of Fedresurs. This amount turned out to be almost 5.5 times higher than in 2023. Then 9.3 thousand people became insolvent — they were forgiven debts of 3.2 billion rubles.

In unpaid debt: Russians will be exempt from payments on loans issued by fraudsters

The condition will be the initiation of a criminal case.

The out-of-court procedure is aimed at targeted assistance to socially vulnerable citizens who are facing financial difficulties, the press service of the Ministry of Economic Development told Izvestia. The mechanism allows only bona fide citizens to get rid of unbearable debts, the ministry said.

In addition, there is a judicial bankruptcy procedure in the Russian Federation. In 2024, 432,000 people used it, which is a quarter more than last year.

The main reason for the growing popularity of out—of-court bankruptcy is that it has become accessible to different categories of the population, the Ministry's press service explained. They recalled that since November 2023, the mechanism has been expanded to pensioners, families with children and all citizens who have not been able to pay off debts for more than seven years.

The increase in out—of-court bankruptcies is a direct consequence of the expansion of the "funnel", that is, the softening of the criteria for debt relief for a new category of citizens, says Elman Mehdiyev, the founder of the Kredchek service.

The increase in the number of out—of-court bankruptcies in recent years is a predicted and expected phenomenon, said Valeria Gerasimenko, Chairman of the Council of the Union of Arbitration Managers of the National Center for Restructuring and Bankruptcy.

Read more in the exclusive Izvestia article:

In the final calculation: Russians were written off five times more debts without trial