Individuals in Russia will be able to declare themselves bankrupt since October

The entry into force of the law on bankruptcy of individuals transferred on October 1, 2015. The postponement was necessary because the arbitration courts do not have time to prepare. They, under the amendments, will consider bankruptcy. "Arbitration courts are better prepared for the application of bankruptcy law than the courts of General jurisdiction, because for many years the Arbitrazh courts consider bankruptcy of legal entities and individual entrepreneurs", — said the head of the Duma Committee on property Sergey Gavrilov. The law was expected to enter into force on 1 July, reports "Interfax". As written, the Internet portal "Kuban 24", the law will benefit over 400 thousand Russia