RusBankrot
We know everything about bankruptcy
05/12/2025
Friday
THIS DAY IN HISTORY:
5 December 
1936 The Stalinist Constitution of the USSR was adopted.
1936 the Stalinist constitution of the USSR was adopted.
1484 Pope Innocent VII initiated the "witch hunt".
1456 An earthquake that destroyed Naples occurred - 35 thousand people died.
1456 occurred an earthquake that destroyed Naples - 35 thousand people died.
5 December
1936 The Stalinist Constitution of the USSR was adopted.
1936 the Stalinist constitution of the USSR was adopted.
1484 Pope Innocent VII initiated the "witch hunt".
1456 An earthquake that destroyed Naples occurred - 35 thousand people died.
1456 occurred an earthquake that destroyed Naples - 35 thousand people died.
Car wash project in St. Petersburg under threat of bankruptcy
In St. Petersburg, the arbitration court began proceedings on the insolvency of the company "Prime Development". The owners of this company are two US citizens, Aaron Patrick Bogott and Kelly Shane Rivers. The claim for recognition of insolvency was filed by the Kurs company, specializing in dealing with problem debts. The amount of claims against the debtor is 132 million.
Initially, American businessmen planned to create a network of car washes in St. Petersburg under the Super Express brand. Customers were offered an additional service in the form of an oil change. They opened the first and probably the only point on Blucher Avenue. More than $4 million was spent on its construction. However, today the car wash is not functioning, and it is impossible to find other network facilities.
Nina Krug-Tikhomirova, a Russian, acted as a business partner for foreigners in St. Petersburg. The network was planned to be developed through two legal entities – Prime Development and Niva-Motors. Rivers owns the largest share in one of the companies – more than 58%, Bogott has almost 22%, and Krug-Tikhomirova has about 20%. In addition, the Russian woman has been the head of Niva-Motors for ten years
The history of financial disagreements goes back to the initial investment scheme. Investments of $5 million and $9 million were made back in 2008-2009 through the American Premier Auto Service, where all the shareholders were the same persons. These loans were later transformed into claims against Prime Development after the liquidation of Premier in 2018. According to experts, such a scheme by itself does not violate the law unless it involves circumvention of currency or tax restrictions.
According to the case file, Krug-Tikhomirova received claims in the amount of 177 million. The debtor returned part of the debt. The remaining 132 million went to the "Course", which initiated the bankruptcy. Mikhail Kovalchuk, the head of Kurs, explained that the company acquired the debt after analyzing the legitimacy of Krug-Tikhomirova's claims.
The court has already recovered 132 million of the principal debt and almost 27 million penalties from Prime Development. The appeal upheld this decision, but the defendant is challenging it in the cassation instance. After the decision came into force, Kurs filed an application for declaring Prime Development bankrupt.
According to Kovalchuk, who cites sources, the company had assets at the expense of which it was planned to repay the debt. However, by the time the court made the final decision, the asset had already been sold. This forced the creditor to seek repayment of the debt through bankruptcy proceedings.
It is known that cooperation with the Russian partner has been developing steadily until 2022. Later, foreign businessmen decided to withdraw funds from Russia, while Krug-Tikhomirova remained to develop business in the country.
Photo: Freepik
Initially, American businessmen planned to create a network of car washes in St. Petersburg under the Super Express brand. Customers were offered an additional service in the form of an oil change. They opened the first and probably the only point on Blucher Avenue. More than $4 million was spent on its construction. However, today the car wash is not functioning, and it is impossible to find other network facilities.
Nina Krug-Tikhomirova, a Russian, acted as a business partner for foreigners in St. Petersburg. The network was planned to be developed through two legal entities – Prime Development and Niva-Motors. Rivers owns the largest share in one of the companies – more than 58%, Bogott has almost 22%, and Krug-Tikhomirova has about 20%. In addition, the Russian woman has been the head of Niva-Motors for ten years
The history of financial disagreements goes back to the initial investment scheme. Investments of $5 million and $9 million were made back in 2008-2009 through the American Premier Auto Service, where all the shareholders were the same persons. These loans were later transformed into claims against Prime Development after the liquidation of Premier in 2018. According to experts, such a scheme by itself does not violate the law unless it involves circumvention of currency or tax restrictions.
According to the case file, Krug-Tikhomirova received claims in the amount of 177 million. The debtor returned part of the debt. The remaining 132 million went to the "Course", which initiated the bankruptcy. Mikhail Kovalchuk, the head of Kurs, explained that the company acquired the debt after analyzing the legitimacy of Krug-Tikhomirova's claims.
The court has already recovered 132 million of the principal debt and almost 27 million penalties from Prime Development. The appeal upheld this decision, but the defendant is challenging it in the cassation instance. After the decision came into force, Kurs filed an application for declaring Prime Development bankrupt.
According to Kovalchuk, who cites sources, the company had assets at the expense of which it was planned to repay the debt. However, by the time the court made the final decision, the asset had already been sold. This forced the creditor to seek repayment of the debt through bankruptcy proceedings.
It is known that cooperation with the Russian partner has been developing steadily until 2022. Later, foreign businessmen decided to withdraw funds from Russia, while Krug-Tikhomirova remained to develop business in the country.
Photo: Freepik
15.07.2025
