In the Russian Federation entered into force a law on personal bankruptcy

The law on bankruptcy of physical persons in Russia will take effect from 1 October.
"According to expert estimates, potentially resort to filing for bankruptcy can about 400-500 thousand. Citizens. The law will give the chance to these people once and for all solve the problem of harassment of creditors ", - said deputy chairman Vasily Pozdyshev.
The law applies to all types of loans: consumer, car loans, mortgage loans, including loans in foreign currency.
Bankruptcy proceedings can start if the citizen has an obligation in excess of 500 thousand. Rubles, and delinquency in amounts from three months, reports RIA "Novosti".