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 5 years. Banks won't deal with someone who has already "stiffed" them once.

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

Hahaha😄 first of all, we live in a free society and it's not just the employer choosing the applicant, but the applicant also choosing a suitable company that they like and that suits them. Secondly, what you wrote shows your ignorance. Just because you're a manager 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 on their own. And these people take responsibility and solve their debt issues legally! They go and declare bankruptcy, admit they're financially insolvent, instead of hiding from debts that would hang over them for the rest of their lives! There's nothing shameful about being bankrupt. That person, to me personally, is very strong for solving the issue legally. And for your information, according to the law, only a conscientious citizen can declare bankruptcy, 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. An insecure person 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 mom'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 beyond their means, or to place bets, and then couldn't pay them back, now that's something you see everywhere. Well, everyone will have their own opinion, banks don't give loans to such people either, you can consider all of us ignorant and bad, only the debtors who can't repay their debts are the good ones in your eyes...

I recently filed for bankruptcy. The arbitration court reviewed the application but left it pending due to insufficient documentation. Regarding taking out loans in the future—while there's no formal prohibition, the prevailing opinion is that banks will likely deny credit applications. The advice is to lay low for about 10 years and avoid any "signs of life"—such as making inquiries to credit bureaus or attempting to take out loans during this period, so that the credit bureau 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 indicating bankruptcy (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 it's always important to stay vigilant with the bailiff to contest any erroneous deductions and push back against those banks to make corrections. Even then, after 10 years, you'll have to start rebuilding your credit history by taking out loans from microfinance institutions before attempting to secure small loans through major banks.

I gathered this information from other forums of people who have gone through 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 become clearer).

I wasn't talking about everyone, and I didn't say you're bad. This isn't about good and bad people. It's everyone's own business. Everyone thinks about their own skin. And solves problems according to their capabilities, while some people with frozen accounts run to bailiffs and suffer until the end of their days. And I'll repeat 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 incompetent and inefficient to you) and keep thinking that way, it's your right. But I asked a different question, and you answered completely off-topic. I've never had problems with work

Thanks 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, around 20 thousand, and gradually restored their credit history, etc. They also gave bankrupts cash loans in young banks. I agree that banks have unwritten rules. It's better not to have any dealings with MFOs, since after repayment it will still show as open in the credit history and not all of them close it 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, because I didn't have the 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.
Dealing with mortgages and loans won't be easy.

1. Although there are no official restrictions, banks check for bankruptcy status for the last 5 years before applying. That means only 5 years after the bankruptcy procedure is there a chance they'll approve your loans. My period ends in October 2022; one bank told me exactly that—come back for a mortgage in a year.

2. Be sure to check your credit bureau rating. I was declared bankrupt, but the banks didn't close the agreements for another 3 years and kept sending information about current debts during 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 rise. Within six months, I was already passing the scoring in many banks.

3. Don't expect to get loans from the banks that wrote off your debt—they won't give you any. Apply to others.

4. I was only given an installment plan on Lamoda; they also give cash, but it's an MFO with crazy interest rates.

5. Live within your means. After this bankruptcy experience, I've developed an immunity to debts and loans. I think it makes sense to borrow only for housing and health.

6. There's a good website, "Curing Debts" (lechimdolgi.rf)—I got a lot of information from them when I was going through the bankruptcy process. Maybe it will help you in some way too.

Good luck!

How long did the procedure take, if it's not a secret?

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

Thank you so much, these are very useful tips!!
Yes, I'll try to live within my means.
Can I ask one more question? Did you try taking a small loan, like for 20k for some appliance, to boost your credit score?
Yes, regarding the mortgage, for moral reasons I wouldn't be able to go to the bank where the 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 installment plans in stores always check credit bureaus - and as we know, bankrupts have low ratings. So you automatically get rejected. It's a vicious cycle. That's why I turned to a relatively new MFO - they basically approve everyone. Plus I found out that Sovcombank has a three-step "Credit Doctor" program. The interest rates are high, of course, but when the possibility of getting a mortgage is at stake (and I have a serious housing issue), there's not much choice.

One day you might have everything in life, don't judge like that, because life can be a boomerang. You might take out a loan and your business collapses, with nothing to pay back, and you'll find yourself in the same situation. Many things happen in life, people don't take out loans because their life is going great!!!

Here's what you shouldn't do - take microloans from MFOs. They have a terrible reputation and with them present, banks often deny credit applications (I'm saying this as a former credit specialist)

Are you familiar with the labor code? For such judgments when selecting employees, you could get in trouble from the labor inspectorate 😄)

Dumb sheep is all I can say about you

total dawn of the matrix

You're so smart, I see

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

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

Hello! I filed for 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 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 TV at Eldorado, which was approved by MTS Bank. So, I'm working on 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 it went: I acted as a guarantor, couldn't say no out of kindness, and ended up becoming a financial persona non grata🤷‍♀️

You're a dumbass

Your life position is stupid, situations can be different, there are also cunning people... and you're foolish

Highly recommend it, I'm on the second stage myself, they recently gave me an additional credit limit with Halva too, so this really works for real

Shitty manager ))

When it comes to difficult situations, there are plenty of means by which honest and sensible people can resolve their financial problems—such as credit holidays, health insurance, etc. Again, if a person is unable to foresee their problems, fails to assess their capabilities, has children with just anyone, and then "solves problems through bankruptcy," that person is foolish! Such individuals should only be hired for the dirtiest and lowest-paying jobs with no responsibility whatsoever.

Well, it seems you don't know anything about bankruptcy at all 🤣🤣🤣🤣🤣 if you're talking about cars and things beyond one's means 🤣🤣🤣🤣 I somehow doubt you're a manager of anything!!!! If you don't even know basic things. In bankruptcy, everything bought with bank funds goes to auction!!!

On one hand, I'm glad you've maintained such naivety at a fairly mature age, although it's hard to judge age, but let's say you're between 10 and 16 years old, since you couldn't come up with ways to bypass 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 under relatives' names, or lost in casinos...

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

Follow the rules of normal communication

My acquaintance took out a loan for a million on a bet at Finiko, now he's trying to file for bankruptcy.

I also filed for bankruptcy after leaving my husband, and I believe I'm a strong woman - I didn't turn to alcohol, but pulled myself together. Many people are afraid to file for bankruptcy - it takes courage, strength, and faith that everything will work out.

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

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

Oh boy, look who's so principled... an organizer of basic things, I'd love to know which ones exactly..

It feels like you're resentful of everyone, just because someone didn't pay you back ten thousand rubles once...

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

But not all people are like those you saw in fancy cars.... That's exactly it—many needed it, and then couldn't afford to pay. Not everyone is destined to be rich in life!

What a pathetic manager, a cheapskate, lumping everyone together with the same brush

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

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

That's absolutely right. As a practicing lawyer in this field, I went through the process myself—I replaced my mortgage with a consumer loan and kept my apartment without paying for 15 years 😄 So bankruptcy is very beneficial and doesn't define you as a person, 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 consult: 89934154262

What if they were inherited? And you realize that the person drank, partied, wrecked cars, then took out loans to fix the vehicles, cover up criminal/administrative cases. And then suddenly died. So is it fair to just take on and pay off their loans like that?

Debts are only transferred if you accept the inheritance; you can totally refuse the inheritance if the property you get doesn't cover the debts you'd take on. And in case of bankruptcy, as you understand, the people this person owed money to won't get their money back, which is totally, totally unfair.

What kind of 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 my debts were written off in 10 months! Anyone can find themselves in a difficult situation. If you have questions, write to me, I'll share contacts of experienced lawyers 89850093616

improving your credit history with microloans is like trying to put out a fire with gasoline, 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 for each employee. Reasons for bankruptcy can be different. So not hiring someone because they ended up in a difficult life situation is not right.
Time and situation can turn around and bite you in the ass at any moment. And you might find yourself in that same ass.