Bankruptcy of individuals: simplified procedure and other innovations of 2020

The author of the article examines the economic situation in Russia in 2020. Draws attention to the problem of the population’s debt load and the prerequisites for improving legal relations in the field of bankruptcy of individuals Analyzes the new procedure for personal out-of-court bankruptcy of citizens introduced in September 2020, identifies its positive and negative aspects, makes a conclusion on the advisability of its introduction into practice. Covers other innovations in bankruptcy legislation.