MOSCOW, February 12 (RAPSI) – The Commercial Court of Orenburg Region has declared businessman Sergey Chernov residing in Moscow bankrupt for his 7.6-billion-ruble debt (about $115 million) to creditors, according to court records.

Debt restructuring process has been initiated against him.

Chernov has filed a claim for his own bankruptcy. 

As part of this case, the commercial court accepted a bankruptcy petition filed by Sberbank against Chernov. According to the bank, the businessman owes 6.3 billion rubles ($96 million) to the financial organization.