Tomich Companies are filing for bankruptcy with the MFC in 2025 at an increased rate.
Half a Thousand Tomsk Residents Opt for Out-of-Court Bankruptcy in Q1 2025
easier on the eyes, let's dig into the details:
Since last November, individuals carrying debts between 25,000 and 1 million rubles have had the option to resort to out-of-court bankruptcy. Filing these petitions independently through the Central Federal Registry Office (MFRC) is possible, as reported earlier. In 2022, the Tomsk region saw 74 such cases, rising to 287 in 2023, and skyrocketing to 944 in 2024, marking a staggering 228.9% increase.
Approximately a grand Tomsk citizens took this route in 2024, with the recent figures stating that, as of March 2025, courts in Tomsk have begun out-of-court bankruptcy proceedings for 780 individuals and sole proprietors registered within the region (compared to 533 in Q1 2024, representing a 46.3% growth).
As for the broader Russian picture, according to the Unified Federal Insolvency Register (FedResurs), an impressive 120,990 personal bankruptcy cases filed by citizens started in the first quarter of 2025, marking a 34.8% increase compared to the same period in 2024. Concurrently, 15,650 out-of-court bankruptcy procedures were initiated, a 24% increase from Q1 2024.
Previously, if an individual wished to declare bankruptcy through the court, they were required to submit an arbitrazh claim, provided their total debts exceeded 500,000 rubles, and they had missed three successive payments. This action had to take place no later than 30 business days following the realization or awareness that they were unable to pay off their debts in full.
Unfortunately, specific data on the overall number of individuals in Russia who filed for personal bankruptcy through both court and out-of-court procedures in the first quarter of 2025 was not available in the sources consulted for this article. For such detailed information, it may be necessary to consult Russian government sources or financial institutions that track these statistics. Still, it's clear that the situation remains grim for many Russians finding themselves saddled with debt.
In Q1 2025, the Tomsk region saw a strong increase in out-of-court bankruptcy filings, with 780 section requests made, marking a personal finance challenge for 780 individuals and sole proprietors (a 46.3% growth from Q1 2024). As the volume of cases exceeds the arprosrochka threshold of 500,000 rubles, one can only imagine the financial difficulties faced by these Russians. The nationwide trend continues, with the Unified Federal Insolvency Register reporting a 34.8% surge in personal bankruptcy cases and a 24% rise in out-of-court proceedings in Q1 2025.
