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- October 17, 202613°
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- October 17, 202613°
Russia’s Supreme Court concludes a protracted bankruptcy case
Russia’s Supreme Court concluded the bankruptcy case of an entrepreneur in the Yaroslavl region in a ruling issued on August 26, 2026. The court held that extending the proceedings without objective grounds was unacceptable.
The bankruptcy case of an entrepreneur in the Yaroslavl region was concluded following the intervention of Russia’s Supreme Court. The court found it unacceptable to extend the bankruptcy proceedings without objective grounds.
After the entrepreneur’s business stopped generating profits, he stopped making payments on consumer loans used to purchase an apartment and a car. Bankruptcy proceedings were initiated in 2018 following the individual’s application.
The proceeds from the sale of the apartment were transferred to the mortgage creditor. The bank then assigned its claim arising from the surety relationship to a collection agency.
Hearings in the case were postponed dozens of times through 2026 because of the creditor’s numerous claims and additional applications. Courts at three levels considered whether the proceedings should be completed but extended the bankruptcy process on the grounds that the applications needed to be examined.
The debtor appealed to Russia’s Supreme Court against the extension of the proceedings.
The Supreme Court’s panel for economic disputes overturned the decisions of the three lower courts and concluded the bankruptcy case. The panel stated that extending the proceedings without an objective reason was legally unacceptable.
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