Bankruptcy moratorium

In order to ensure economy’s stability in tough circumstances the Government has the right to impose moratorium on bankruptcy. This measure can only be applied in exceptional cases and it does not allow to initiate bankruptcy case. Therefore, if creditor applies to the court during moratorium with aim to declare his/her debtor insolvent, the court will not accept such claim.

Moratorium has following advantages for debtors:

  • Impossibility to declare company or sole proprietor insolvent.
  • No financial penalties for violation of monetary obligations.
  • “Freezing” of penalties on the mortgaged property.
  • Suspension of enforcement proceedings for property penalties.

Who can be subject to moratorium?

Bankruptcy moratorium is automatically applied to all those who are listed in governmental Decree. Therefore, company or sole proprietor is entitled to waive restrictions imposed by authorities and allow creditors to apply for debtors’ bankruptcy. Thus, such measure does not postpone measures that are planned to be executed. In addition, the debtor is still entitled to file for own bankruptcy. 

VALEN specialists are highly experienced in the field of bankruptcy, will provide consultation on all issues related to bankruptcy during pandemic and will provide services on conducting bankruptcy procedure in compliance with requirements of imposed moratorium.

Leading Lawyers

Kirill Chemlaev
Senior Lawyer
Roman Matyushekov
Lawyer
Maxim Verbov
Lawyer
Ignat Shevchenko
Lawyer
Kirill Chemlaev
Senior Lawyer

Law degree in Kutafin Moscow State Law University (MSAL)

Foreign Languages: English

Since 2018 – Lawyer at VALEN

Our specialists
Roman Matyushekov
Lawyer
Our specialists
Maxim Verbov
Lawyer

Russian Foreign Trade Academy, Faculty – international law

Foreign Languages: English, French

Since 2020 – Lawyer at VALEN

Our specialists
Ignat Shevchenko
Lawyer
Our specialists

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