THE COURT REFUSED TO BANKRUPT THE KARELIAN CONSTRUCTION COMPANY

THE COURT REFUSED TO BANKRUPT THE KARELIAN CONSTRUCTION COMPANY

THE COURT REFUSED TO BANKRUPT THE KARELIAN CONSTRUCTION COMPANY
In Karelia, the arbitration court put an end to the insolvency case of the Amperia construction company, even before it could properly begin. The main obstacle was the lack of money for the bankruptcy procedure itself. Neither the company nor the people it had deceived had the means to pay for the manager's work. The application for declaring the debtor bankrupt has been considered since last year, but on May 12, the court issued a verdict to terminate the proceedings.

The situation around the developer, who specialized in frame houses, turned out to be a dead end. At the start, the Amperia looked flawless. Banks accredited her to issue preferential mortgages for individual housing (IHS). Clients willingly transferred matkapital and loan millions to the firm, hoping to move into new homes quickly.

The reality turned out to be cruel, as after receiving the money, the construction stopped. The customers did not receive any of the approximately forty paid objects. Bankruptcy was the last hope for the defrauded shareholders. As explained by the representative of the All-Russian initiative group of residential housing in the region, this procedure allowed to search for the assets of the office, argue over transactions, and put the property up for electronic auction.

In addition, through the court, it was possible to involve not only the nominee director, but also other founders in the subsidy. After the case was terminated due to unprofitability, all these opportunities disappeared. The interim manager honestly reported that the debtor had neither assets nor sources to replenish the bankruptcy estate. The payment was offered to the applicants, but none of the affected families were able to cover these costs.

In March of this year, the tax service still achieved its goal. Vyacheslav Morozov, the head of Amperia, was declared bankrupt by introducing a restructuring of his personal debts. The criminal case is being investigated in parallel. However, even a guilty verdict is not a panacea or a money–back guarantee. People continue to build walls alone and at the same time repay loans for what they don't have.

The manager's final report revealed disturbing signs. From January 2020 to December 2025, the company's solvency deteriorated sharply. There were regular money transfers to the manager without economic sense, massive cash withdrawals and lack of accountability.

The preliminary withdrawal of funds in favor of Morozov exceeded 140.7 million. This may directly indicate elements of a deliberate collapse. But without bankruptcy proceedings, it will be extremely difficult to prove this legally.

20.05.2026