Life after bankruptcy

You should ask a lawyer about that.
An acquaintance of mine went bankrupt, and they still won't give her a loan even after five years. Banks won't deal with someone who has already let them down once.

And I don't hire former bankrupts; someone who couldn't manage the basics in their own life is unlikely to manage their work. Debts should be repaid, not written off.

Ahahah 😄 Firstly, we live in a free society and it's not just the employer choosing the candidate, but the candidate also choosing a suitable company that they like and that suits them. Secondly, what you wrote shows your ignorance. If you're a manager, that doesn't mean you're a competent manager)) Let me explain for the particularly gifted - there are things that don't depend on us. For example, people get cancer and other illnesses, undergo difficult treatment, people find themselves in difficult financial situations, mothers on maternity leave leave their husbands and solve their problems themselves. And these people take responsibility and resolve their debt issues legally! They go and declare bankruptcy, admit they're financially insolvent, rather than hiding from debts that would hang over them for the rest of their lives! There's nothing shameful about someone being bankrupt. That person for me personally is very strong, someone who resolves the issue legally. And for your information, according to the law, only a conscientious citizen can go bankrupt, not someone who took out a loan and intentionally didn't pay it back) your comment about what's "right" in this life is manipulation. And insecure people might fall for it, but certainly not me)
Just based on this comment alone, you can already understand what kind of manager you are)

Google for information how many times Donald Trump went bankrupt - it didn't stop him from becoming president. What a manager, lol))

Somehow I haven't come across people who took out loans for their mother's treatment and then went bankrupt. But I have seen people who took out loans for fancy cars and things they couldn't afford or didn't have the means for, or to place bets, and then couldn't pay back - that's everywhere. Well, everyone will keep their own opinion, banks don't give loans to such people afterwards either, you can consider all of us ignorant and bad, only debtors who can't repay their debts are the good ones in your view...

I recently filed for bankruptcy. The arbitration court reviewed and temporarily suspended the proceedings due to insufficient documentation. Regarding taking out further loans anywhere—while there's no official ban, the prevailing view is that banks will likely refuse credit. The advice is quite the opposite: to lay low for about 10 years and avoid giving any 'signs of life'—such as not making inquiries to credit bureaus or attempting to take out loans during this period, so that the credit information database can update. It's also said that after debts are written off, it's crucial for the banks themselves to make the appropriate entries in the credit history stating that you're bankrupt (they do this very reluctantly, even though it's their obligation). Some particularly aggressive banks continue to charge penalties and interest even after bankruptcy, so one must always be vigilant with the bailiff to contest any erroneous deductions and dispute with those banks to get the records amended. And even then, after 10 years, you'll have to start rebuilding your credit history by taking loans from microfinance institutions before attempting to secure small loans through major banks.

I gathered this information from other forums of those who have undergone this process, so I can't claim it's the absolute truth. Unfortunately, I haven't found any information yet about former bankrupts and whether they've managed to obtain loans, so it seems either the procedure is too new and there simply aren't enough stories online yet, or no one has succeeded in getting loans (but again, the procedure is young, too little time has passed; I think in 5-10 years the picture will be clearer).

I wasn't talking about everyone, and I didn't say you were bad. This isn't about good and bad people. It's everyone's own business. Everyone thinks about their own skin. And solves the problem according to their abilities, while some people with frozen accounts spend the rest of their days running to bailiffs and suffering. And I'll say it again, not everyone can go through this procedure. It's not that simple. It's very complicated. So you've seen such people, now all bankrupts are incapable and inefficient in your eyes) and keep thinking that way, it's your right. But I asked a different question, you answered completely off-topic. I've never had problems with work

Thank you for the detailed answer!)
Yes, I'll write to creditors and submit an application to the credit bureau to update my information. There are legitimate brokers who analyze credit history information. I want to contact them. And credit lawyers with extensive experience say that clients first arranged loans for goods. Small ones, for about 20 thousand, and gradually restored their credit history etc. They also gave bankrupts cash loans in new banks. I agree that banks have unwritten rules. It's better not to have any dealings with MFOs, as after repayment it will still show in the credit history as open and not everyone closes them properly. Also banks are reluctant to lend to those who borrowed from MFOs. I don't want any more loans except for a mortgage)) thank you for your answer!
Tell me, did you file for bankruptcy yourself? Didn't you consult with lawyers?

I filed through a lawyer. I wrote a power of attorney with a notary. My registered address is in Mordovia, but I actually live in Moscow. The lawyer is also in Moscow.

Author, I was declared bankrupt. I was one of the first to go through bankruptcy in 2015. I did everything myself, without lawyers, as I had no money for them. I insisted on restructuring until the very end, approached banks myself, but they didn't want to bother with it, saying it was technically easier for them to write off my debt.
Getting a mortgage and loans will be challenging.
1. Although there are no official restrictions, banks check for bankruptcy status in the five years prior to the application. That means only five years after the bankruptcy procedure is there a chance they might approve your loans. My period ends in October 2022; one bank explicitly told me to come back for a mortgage in a year.
2. Be sure to check your credit rating with the credit bureaus. I was declared bankrupt, but the banks didn't close the agreements for another three years and kept reporting current debts all that time. Only after I went to all of them with the court ruling, wrote applications and complaints, did they close all the accounts, and my ratings with NBKI, Equifax, and OKB started to improve. Within six months, my scoring was sufficient for many banks.
3. Don't expect to get loans from the banks that wrote off your debt—they won't lend to you again; apply to other institutions.
4. I was only offered instalment plans on Lamoda; they also provide cash loans, but it's an MFO with exorbitant interest rates.
5. Live within your means. After this bankruptcy experience, I've developed an immunity to debts and loans. I believe it's sensible to borrow only for housing and health.
6. There's a good website, лечимдолги.рф (treatingdebts.rf)—I gathered a lot of information from them when going through the bankruptcy process. Perhaps it might help you in some way too.
Good luck!

How long did the procedure take, if you don't mind me asking?

I did everything myself, so I made a number of mistakes that really dragged out the procedure. Almost 1.5 years from when I first submitted the documents. The only thing I paid for was the expenses and the Federal Migration Service's services, which, as we all know, don't work for the amount stipulated by law.

Thank you so much, these are very useful tips!!
I'll try to live within my means.
Can I ask one more question? Did you try taking a small loan, like 20k for some appliance, to boost your credit score?
Yes, regarding mortgages, for moral reasons I wouldn't be able to go to the bank where my debt was written off) thank you, you've really helped me with your advice, sending you kisses))

That's exactly the problem - those banks that offer instalment plans in shops always check credit bureaus - and as we know, bankrupts have low ratings. So you automatically get rejected. It's a vicious circle. That's why I turned to a relatively new microfinance organisation - they basically approve everyone. Plus I found out that Sovcombank has a three-stage "Credit Doctor" programme. The interest rates are high of course, but when the chance to get a mortgage is at stake (and I have a pressing housing issue) you don't really have much choice.

One day you might have everything in life, don't judge like that or life might come back like a boomerang - you'll take out a loan and your business collapses, with nothing to pay back and you'll find yourself in the same situation. Lots of things happen in life, people don't take out loans because life is good!!

Here's what you shouldn't do - take microloans from microfinance organisations. They have a terrible reputation and with them present, banks often refuse loans (speaking as a former credit specialist)

Are you familiar with the labour code? For such judgements when selecting employees, you could get a slap from the labour inspectorate 😄)

Stupid sheep is all I can say about you

The total dawn of the matrix.

You're very clever I see

And that's nonsense. Because there are different life circumstances,

100% agree!!!! I went through bankruptcy myself, I know what it's like from personal experience. Since I was 16, trying to cope with life situations and sort things out on my own without support. At 50, I had to go through bankruptcy because of these so-called managers who screwed over the entire team of employees for money, including me. They're the strong ones who know how to solve problems.

Hello! I went through personal bankruptcy after the borrower I had guaranteed for stopped making payments. It's been almost four years since the bankruptcy procedure ended. Right away, even before the bankruptcy process was fully completed, Tinkoff Bank offered me their credit card (for which I'm grateful to them!), and I've been using it regularly to demonstrate my reliability in meeting payment deadlines to the credit bureaus. Three years later, again to improve my credit history (on the advice of a credit broker), I took out a loan for a television at Eldorado, which was approved by MTS Bank. So, I'm gradually healing my credit history. I've applied for a mortgage several times but have been turned down so far. Now, I'm about to pay off the TV loan with MTS, and starting next year, I'll try applying for a mortgage with this bank. So, that's how, by being a guarantor—unable to refuse out of the kindness of my heart—I became a financial persona non grata.🤷‍♀️

You muppet

What a stupid life position you have, situations can be different and there are cunning people too....and you're just foolish

Highly recommend it, I'm on the second stage myself, they recently gave me an additional credit limit with Halva too, so it's really true here

Shit manager ))

Regarding complex situations, there are ample means by which honest and sensible individuals can resolve their financial issues, such as payment holidays, health insurance, etc. Again, if a person is incapable of foreseeing their problems, unable to assess their capabilities, produces children with just anyone, and then "solves problems through bankruptcy," then that person is foolish! Such individuals should only be considered for the dirtiest and lowest-paid jobs with no responsibility whatsoever.

Well you clearly know absolutely nothing about bankruptcy 🤣🤣🤣🤣🤣 if you're talking about cars and things beyond people's means 🤣🤣🤣🤣 somehow I doubt you're a manager of anything!!!! If you don't even know basic things. During bankruptcy everything bought with bank funds gets sold at auction!!!

On one hand I'm glad you've maintained such naivety at a fairly mature age, though it's hard to judge age, well let's say you're between 10 and 16 years old, since you couldn't think of ways to get around this system during the time you were writing the message. But I won't give you hints or explain what consumer loans are, or how property can be registered to relatives, or lost in casinos...

Mine was 13 months, because the second court hearing was postponed by a month, otherwise it's usually a year.

Follow the rules of proper communication

My mate took out a million on a bet at Finiko, now he's trying to go bankrupt.

I also went through bankruptcy after my husband left, and I believe I'm a strong woman - I didn't turn to drink, but pulled myself together. Many people are afraid to declare bankruptcy - it takes courage, strength and faith that everything will work out.

Mine took exactly a year. The procedure lasted that long, but I had competent lawyers working with me.

About the "free society" under capitalism, when people regularly find themselves in difficult financial situations as you correctly noted - that's really something!)))

Oh dear, aren't we principled... organiser of basic things, I'd love to know which ones exactly..

Gives the impression of someone who's bitter at everyone, just because someone once didn't return ten thousand roubles to him...

I applied for this Credit Doctor at Sovcombank, passed the first stage successfully, paid them 15k, came to apply for the second stage, and got rejected. How come? The answer: you haven't finished your 5 years yet since being declared bankrupt. So much for credit history restoration.

But not all people are like those you saw in flashy cars.... That's exactly it - many needed it, and then didn't have the means to pay. Not everyone is destined to be rich in life!

A pathetic manager, a tightwad, tarring everyone with the same brush

Insurance????? After a stroke they offered me 3,000 through insurance. While the insurance for the loan was 187,000.

Usually the procedure takes 6-8 months if there's no property involved.

Absolutely right, as a practicing lawyer in this field I've been through the procedure myself - I covered my mortgage with a consumer loan and kept my flat without paying for 15 years)) So going bankrupt is very advantageous and doesn't characterise you as a person at all, since it's an effective mechanism provided by the state. The only thing is, not everyone qualifies for bankruptcy.

If you have doubts or questions I can advise: 89934154262

What if they were inherited? And you realise the person was drinking, partying, crashing cars, then taking out loans to repair vehicles, cover up criminal/administrative cases. Then suddenly died. Is it fair to just take on and pay off their loans like that?

Debts only transfer if you accept the inheritance, you can quite easily refuse the inheritance if the assets you receive don't cover the debts you'd inherit. And in case of bankruptcy, as you understand, those whom this person owed money to won't get their cash back, which is completely and utterly unfair.

What nonsense is this? I completed my bankruptcy procedure over a year ago and have already paid off two small loans through QIWI, my credit history is improving, and then OTP offered me a loan.

I also went through the procedure over a year ago! All debts were written off in 10 months! Anyone can find themselves in a difficult situation. If you have questions, write to me, I can give you contacts of experienced lawyers 89850093616

improving your credit history with microloans is like trying to put out a fire with petrol, microloans are financial leprosy that completely kills your credit history, even if all loans are repaid and there were no late payments

If you're such a hotshot businessman then your approach should be individual to every employee. There can be different reasons for bankruptcy. So not hiring someone because they ended up in a difficult life situation isn't right.
Time and circumstances can turn around and bite you in the arse at any moment. And you might just find yourself in that same arse.